Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

Jaiprakash Associates : Buy Recommmendation

32 sec read

Jaiprakash Associates
CMP: Rs 204
Target Price: Rs 325

Prabhudas Lilladher has maintained an ‘outperformer’ rating on Jaiprakash Associates while lowering the target price by 32% from Rs 430 to Rs 325. The lower target price is primarily due to the fall in the valuation of Jaypee Infratech. “On the side of conservatism, we now value Jaypee Infratech at 30% discount to its NAV due to the recent negative sentiment in the market. This at current levels of Rs 250 presents an upside of 30%,” says the report. The brokerage also acknowledges the fact that the stock of Jaiprakash Associates’ corrected 50% from its recent peak due to a weak market coupled with the confusion on its holding in Jaypee Infratech. The brokerage believes that value unlocking potential with regards to JP Power Ventures, awarding land to Jaypee Infratech and potential value from the Ganga-Balia Expressway would act as triggers to Jaiprakash Associates.

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Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

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