SP Tulsian of sptulsian.com told CNBC-TV18, "Jaiprakash Associates is looking to sell more cement plants. If you see the monetization drive have been taken by them, in JP Power - we have been talking that one doesn't know that when that can happen and that should happen in maybe next two months because eventually Jaiprakash Associates (JP Associates) will stand to gain from all because JP Power is again a subsidiary company. Even they are looking to monetize their real assets also which is held by maybe with the JP Infrastructure all sort of things.
"The kind of shorts which are built in the stock and the renewed buying which we have seen yesterday is looking very positive. In fact I am keeping a positive stand, one can take a position in the month of March series and look for a level of maybe Rs 47-48 but if you want to take a position now in this February series maybe in the near term one can look for a level of Rs 43.75," he added.
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