Sharmila Joshi of Prabhudas Lilladher is of the view that one can stay invested in Jaiprakash Associates.
Joshi told CNBC-TV18, "If one is a long term investor, Jaiprakash Associates is the stock in which one can stay invested in. We did see a lot of volatility on the stock since the last 2-3 week. Looking at the kind of contracts that they have, and the lines of business that they are in, it’s a stock that one can hold at the current price. But because of the recent sell off that we have seen, especially from the F&O side as well, it may take time to recover, given also the market conditions. What’s really driving the stock down doesn’t seem to be like truly fundamental reasons but a whole host of other things happening around it."
Link to article: http://www.moneycontrol.com/india/news/stocks-views/stayjaiprakash-associates-joshi/18/20/327757
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