Mehta told CNBC-TV18, "JP Associates looks extremely attractive at this point of time. The correction has been over done because of technical considerations and sell offs by few large institutions as well as a melt down in futures market. Hydro power is the next growth engine for this country and we are all talking about renewable energy, and there are handful of 4-5 companies in India, which can execute hydro power and JP Associates is one of them. That business has got amongst the highest operating profit margins within the infrastructure sector, it’s a buy at these levels."
Link to article: http://www.moneycontrol.com/india/news/stocks-views/buy-jaiprakash-associates-says-mehta/16/23/327508
1 comment:
I am stuck in jp associates at rs 335 level. Shall I hold my shares.If yes then what is 1 yr. target.
Post a Comment