As per E Mathew JP Associates can rally to Rs 135-145.
Mathew told CNBC-TV18, "Jaiprakash Associates is going to participate in a pullback rally. It has been massacred and I think the stock has the capability of rallying to Rs 135-145. But for all those people who are stuck at higher levels and including those who are now participating in a pullback rally, they would certainly have to bailout on the region between Rs 135 and Rs 145."
DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.
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