Short JP Associates: Ashish Tater

Short JP Associates, says Ashish Tater of Fort Share Broking.

Tater told CNBC-TV18, "I would like to short JP Associates for an intra day target of close to Rs 55 and a medium term target of close to Rs 37 to Rs 40. We have been recommending aggressive sell and even exit on Suzlon, IVRCL and even JP Associates. We feel the balance sheet value and the enterprise value was quite stretched at higher levels. Thus one can short this particular stock even for the day." Disclosure: do not have a personal holding but may have recommended the stock to clients. Click HERE to know the rules and follow the score card