Buy Jaiprakash Associates on dips: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "After a big gain a stock consolidates, sometime it also goes through a sideways correction or even a minor dip. That is a time to go long in it."

"The uptrend in Jaiprakash Associates is not over yet but today perhaps after the big gain is an avoid day, may be if one sees some kind of a dip, it is still worth buying into. Do not short sell it," he said. At 10:55 hrs Jaiprakash Associates was quoting at Rs 46.90, down Rs 0.05, or 0.11 percent. It has touched an intraday high of Rs 47.75 and an intraday low of Rs 46.35. The share touched its 52-week high Rs 106.75 and 52-week low Rs 28.40 on 12 December, 2012 and 19 August, 2013, respectively. Currently, it is trading 56.07 percent below its 52-week high and 65.14 percent above its 52-week low. Market capitalisation stands at Rs 10,407.50 crore.