Do not see much upside in JP Associates: CK Narayan, Sharyans Resources

In a chat with ET Now, CK Narayan, President Treasury, Sharyans Resources, shares his stock ideas.

What is your take on JP Associates?

You may have some drop into the short-term support that you had witnessed when it dropped down to Rs 82 in the last week but I do not see too much of an upside for that counter from here. If you take a year back, it was trading at Rs 160, so it has actually fallen pretty precipitously. So all that you can expect is a small upside, maybe rally from even if they were good numbers. I am not very bullish about the stock right now.