Buy Jaiprakash Associates, target Rs 24: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Jaiprakash Associates with a target price of Rs 24.

The current market price of Jaiprakash Associates is Rs 20.20.

Time period given by the analyst is intraday when Jaiprakash Associates price can reach defined target.

Kunal Bothra recommended to keep a stop loss at Rs 18.

Jaiprakash Associates, incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 4,913.56 Crore) operating in Construction sector.

The company’s top management includes Mr.B K Goswami, Mr.C P Jain, Mr.K N Bhandari, Mr.K P Rau, Mr.Manoj Gaur, Mr.Pankaj Gaur, Mr.R N Bhardwaj, Mr.Ranvijay Singh, Mr.S C K Patne, Mr.S C Rathi, Mr.S K Mohapatra, Mr.Shailesh Verma, Mr.Sunil Kumar Sharma, Mr.Sunny Gaur, Mr.T R Kakkar, Ms.Homala A Daruwalla.

Company has Rajendra K Goel & Co. as its auditors.

As on 30-09-2017, the company has a total of 2,432,456,975 shares outstanding.