Expect more upside in JP Associates: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Most stocks are bottoming out and Jaiprakash Associates is the process, this is exactly what happens. We will see these stocks picked up one by one and push into rallies. So, JP Associates has more steam ahead."

At 14:56 hrs Jaiprakash Associates was quoting at Rs 44.90, up Rs 3.20, or 7.67 percent. It has touched an intraday high of Rs 45.25 and an intraday low of Rs 41.85. 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 57.94 percent below its 52-week high and 58.1 percent above its 52-week low. Market capitalisation stands at Rs 9,963.69 crore.