Prefer IDFC over JP Associates: Kunal Saraogi

Kunal Saraogi, CEO at Equityrush told CNBC-TV18, "If you look at Jaiprakash Associates’ overall trajectory, it is one of the most underperforming stocks in the market as of now. There is no real rationale for holding on to it. Technical structures look particularly bad and I think there is a real case that the stock might go below Rs 25 levels in the near-term to medium-term. So there is absolutely no reason why one should hold on.”

“I could suggest another switch, which could be an IDFC if the investors are willing to put money for two years, even IDFC might give you better returns. So that could be a good switch away from JP Associates,” he added.