Ashish Chaturmohta of Fortune Equity Brokers told CNBC-TV18, "Jaiprakash Associates has seen a good dip from Rs 48, so around Rs 44-45 if it comes we will be a buyer because since Rs 41 to Rs 47 the stock has observed a build-up of almost 25-30 percent. That kind of build-up is still being carried in this stock, so that shows that long positions are continuing their position in the stock."
"We are expecting a target of around Rs 55 on the upside and Rs 38 would be the positional stoploss on the stock," he said.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
