Shardul Kulkarni of Angel Broking told CNBC-TV18, "Jaiprakash Associates is one of the very high beta stock, so if the market moves like 1-1.5 percent then stock moves 3 percent. So in case of JP Associates, it is a very small trade which I would suggest, Rs 49.50 would be the stoploss which is basically just a tad below today’s low and a small upside probably around 4-5 percent from current levels is possible."
"One might see the move in today or in the next one-two trading sessions. So 3-4 percent from current levels is possible but my view would change if the stock falls below Rs 49.50," 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!
