Avoid Jaiprakash Associates, says Rajesh Agarwal

Rajesh Agarwal of Aum Capital told CNBC-TV18, "I don't think Jaiprakash Associates is a stock one can consider for long term investment. The trading options are there because of technical break outs but fundamentally it is in a bad shape. Even after the deal which would go through after nine months, the company will be left with around Rs 18,000-20,000 odd crore of debt and that is a huge amount of debt.""After the deal they will be left with some amount of cement, some amount of power assets but servicing that kind of debt would be a real tough job. So, I would say avoid this stock, there are a lot of other options available in the market for investments, look at those," he added.