J P Associates (Jaiprakash Associates)

#21
Next support level

Right now, I will prefer to stay away from this stock.

I mentioned it in my earlier posts too - this stock gets a lot of its value from its landbank.

The outlook for real estate remains grim.

If the market crashes, the stock may go down all the way to Rs 100.

Maybe at that price, I will relook at it.
Hello Alchemist, The stock is at around 90 Rs. What is the next support level for this stock. Does this stock gives good returns in 2-3 years?
 

man4urheart

Well-known member
#23
My humble view



- I don't think it can rise above the trendline which is strong resistance as you see it is tested 4 times already and sits at range of 80-85.
- MACD is giving divergence and Volume is decreasing...
- Also 50 EMA (Golden line) is a good Cap on price as it is also a strong resistance.

Look for above barriers to cross...before you buy....

Infact Look for break of rising green trendline for test of new lows or earlier oct lows
 
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Alchemist

Administrator
Staff member
#24
Hi Alchemist

Could you please update the outlook on JP associates ?

The stock is seeing some upside recently....
Yes.

It seems most of the selling in Jaiprakash Associates is over.

The stock recently broke a support line, but didn't really sell-off.

There is resistance in the 70-72 range. Keep an eye on that zone.



================================

Analysts have brought down earnings expectations for this company.

Against an earlier eps expectation of Rs 7 and Rs 8.5 for FY 2009 and FY 2010 respectively,

recent estimates are around Rs 5.5 and Rs 7-7.5 for FY 2009 and FY 2010 respectively.

At current price of Rs 69.6, the stock is trading at around 10 times forward earnings.

Valuations are now slightly attractive, but not "grossly undervalued".

The primary reasons for an earnings downgrade are the slowing growth of the Indian economy and the merger with 4 subsidiaries.

================================

The stock is out-performing the markets and I feel it is close to bottoming out.

My guess is that the stock should bottom-out in 40-60 range.

The company may announce a rights-issue in the near future. This may create a downward pressure on the stock in the short-term.

However, the cash raised from the rights issue will help the company to reduce its debt and thus, will be a long-term positive.
 
#26
jaiprakash associates

Dear alchemist,

Do you recommend investing in jaiprakash associates? If yes then at what levels should we invest esp .since it has announce bonus too.

In my view in long term the company would give good returns.

Same way what about Punj lloyd? I know result has not been good but the future is not bleak either?
 
#28
Can someone please answer my question -

i had 100 shares of JP Associates @ 252, after the bonus share allocation, how much is it worth now?

i guess i will have to wait a long time to make profit from this scrip :)
 
#29
Can someone please answer my question -

i had 100 shares of JP Associates @ 252, after the bonus share allocation, how much is it worth now?

i guess i will have to wait a long time to make profit from this scrip :)
I think this counter split today at 2:3 ratio..

As stated somewhere else that Bonus share don't not effect the price of the stock.. So it will remain same as before.

Rgds,
Reks
 
#31
I had 80 shares of JP Associates on the ex-bonus date (actually, since quite some time back). Since the bonus was 1:2, shouldn't I be getting 40 bonus shares? Instead, I got only 32 shares.

Am I missing something?
 

Alchemist

Administrator
Staff member
#32
I had 80 shares of JP Associates on the ex-bonus date (actually, since quite some time back). Since the bonus was 1:2, shouldn't I be getting 40 bonus shares? Instead, I got only 32 shares.

Am I missing something?
You should have got 40 shares.

Contact the registrar.
 

Vin

New member
#34
JP Associate : Good time to average?

Hello Seniors,

In your opinion, is it the right time to average JP Associates? My current average is around 102.

Please advise.
 
#36
Jaiprakash Associates

Hi All,

JP Associates has been trading at the lower end for a long time.

I have bought 100 shares at a price of 92, expecting it to go high :)

What is the outlook for it? Will it do better in the future?

Also what about the quarterly results of it?
 
#37
Value based buying

This one stock has corrected heavily over the last few months (highest close was at 82.30 on May 17) Recently, the stock has seen some value based buying by FIIs...the stock has begun to show a reversal from 30 odd levels...the lowest close was 29.70 on both August 6 and August 16...stock looks attractive now.
 

magnet

Active member
#38
This one stock has corrected heavily over the last few months (highest close was at 82.30 on May 17) Recently, the stock has seen some value based buying by FIIs...the stock has begun to show a reversal from 30 odd levels...the lowest close was 29.70 on both August 6 and August 16...stock looks attractive now.
What do you think about the debts level? Will it be able to cater those debt financing or just like Suzlon and Kingfisher it will go down in the drain?

I have some holding at average 95 rate.

And I am quite aware when its cement business selling was in advance stage it went up to 80 levels from 40 level. But human psychology avoided my sell thinking it will go above 100.
 
#39
What do you think about the debts level? Will it be able to cater those debt financing or just like Suzlon and Kingfisher it will go down in the drain?

I have some holding at average 95 rate.

And I am quite aware when its cement business selling was in advance stage it went up to 80 levels from 40 level. But human psychology avoided my sell thinking it will go above 100.
In my opinion,this is not an investment worthy stock and you should use any rally as an opportunity to exit and switch to L&T if you still want to retain exposure to the infra space.
 
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