Exit Jaiprakash Associates: Manghnani

Exit Jaiprakash Associates, says Anil Manghnani, Modern Shares & Stock Brokers.

Manghnani told CNBC-TV18, "Jaiprakash Associates is moving up but I still think this is a trading bounce because overall from a longer-term point of view if you see the chart it is quite beaten up. Maybe Rs 110 if possible but around those levels again I would look to book out."
The company's trailing 12-month (TTM) EPS was at Rs 5.21 per share. (Dec, 2010). The stock's price-to-earnings (P/E) ratio was 19.28. The latest book value of the company is Rs 38.55 per share. At current value, the price-to-book value of the company was 2.61. The dividend yield of the company was 1.08%.