JP Associates gets "midas" touch

By Ruma Dubey

about 8 years ago

Jaiprakash Associates has been in the limelight past couple of days. Yesterday too, it breached the UC at Rs.24 and today too, it breached the UC at Rs.25.35 and hit a new high at Rs.26.50.

The stock is up on news that Rakesh Jhunjhunwala has picked up 2.5 crore shares, or 1% stake in the company during the June quarter.

Jhunjhunwala is like the Midas touch; the moment he announced buying stake in any company, the stock price spurts up.

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Popular Comments

Atulya Gupta 21st Jul 2017 at 06:47 pm	They are going ahead to resolve debt issues. Manoj Gaur is committed to that. The share will zoom.
Devanandan appu 21st Jul 2017 at 10:44 am	I think jp associates will fall down the jp group got 46000.oocr debt to banks.
Dinavahi Diwakar 21st Jul 2017 at 06:54 pm	Very informative knowledge well researched
Mrugesh Parikh 24th Jul 2017 at 06:11 am	When Jhunnjhunwala sold his shares no body knows, small investors should avoid to enter in such stock.

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JP Associates gets "midas" touch

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