Chakrabarty told CNBC-TV18, "In Jaiprakash Associates the core business, which the EPC and cement, according to our calculation that itself is Rs 215-220. Rs 500 stock has become Rs 250 because of that ambiguity that whether JP Infratech has 100% owned by JP Associates or it is 55% or 45% is by the promoter. That ambiguity though the promoter has cleared but once there is a confusion, that confusion doesn’t go. So if anybody is an investor and wants to invest in the stock, not as a trading purpose, this is a good stock to invest at this price.
Link to the article: http://www.moneycontrol.com/india/news/stocks-views/invest-in-jaiprakash-associates:-chakrabarty/328147
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