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JAIPRAKASH ASSOCIATE
CMP (Rs.):93.40 EPS (Rs.): 7.89 52 Week High : 167.80
MCap (Rs. Cr.): 20403 Book Value(Rs.): 38.61 52 Week Low : 92.70
Fundamental View :
Jaiprakash Associates Ltd is a diversified infrastructural industrial conglomerate in
India. The company is the leader in Engineering and Construction of Hydropower
projects in India. They are the only integrated solution provider for Hydropower
projects in the country with a track record of strong project implementation in
different capacities. The company is in the business of heavy civil engineering
construction, expressways, cement, and real estate and hospitality.
JPA’s capacity expansion in last 12 months led to 59% YoY rise in cement volumes in
Q2FY11.
Outlook: The company has huge expansion plans for FY11-12; this will help in improving the
financial performance of the company.
Technical View:
In the daily charts the stock is below its 25 DMA which is at 103.01. The 14 day RSI is 30.72,
MACD on daily charts is -3.77. The stock is below its 200 DMA which is at 121.22.
Recommendations:
The stock has tested fresh 52-week low at 92.70 this week after breaking down
below support at 98. It still is a weak stock and further downside towards 88-90
levels is possible. For reversal in trend from down to up the stock has to consolidate
more at current levels and form some bottoming pattern.
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