Can buy JP Associates: Ashwani Gujral, Market Strategist

Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, in a chat with ET Now talks about JP Associates and infra stocks.

What is your view on JP Associates?

If you are an investor who buys when nobody is buying, these stocks are probably reaching those levels - 50 paisa type of move. This used to be a very volatile stock. So then you can probably buy it. You have 5-10% type of downside. When infra does recover, maybe you will get levels of 150 back but nothing from 2-day or 15-day perspective.

These infra stocks if you buy a portfolio today and infra comes back next year, you could be in for a 35-40% type of a gain on a portfolio of infra stocks.