JIL-Jai Prakash Industries got their popular and true identity after merging with Jaypee cement, established in 1972. Today Jaiprakash Associates Limited provides construction and civil engineering services in India and holds a net turnover of Rs.30000 million. JP Associates engages in constructing river valley and hydro power, irrigation and wide variety of other infrastructure projects. Jai Prakash Associates also deals in the fabrication and erection of steel structures and penstock liners, hydro-mechanical equipment design, procurement, and erection; concrete manufacturing and placement; controlled earth and rock filling activities and real estate development. JP Associates operates their owned hydropower projects and manufactures Portland and pozzolana Portland cement under brand name like Buland and Buniyad.
Five star hotels, information technology services, hardware and networking, multimedia services and software, and enterprise resource planning. In a short term plan JP Associates executed as many as 13 hydro-power projects at the same time, six of them were in Indian states and rest in neighboring country of Bhutan, generating an impeccable 10,290 MW power. 400 MW Vishnuprayag Project in Uttaranchal for power generation is just another milestone for JP Associates and another plant of 300 MW in Baspa, generating almost 1200 million units of energy annually. According to asset analysis report JP Associates owns highly technological and sophisticated cement plants producing 7 MTPA, Chain of JP Hotels, JP Hydro- power and JP Ventures. In a long term plan JP Associates plans to expand its cement production capacity and also innovative diversification into the express highway construction.
The Company has a reputation of yielding high returns in its stocks for the investors who buy its stocks for both short term and long term positive results. If you like to have a more clear view of its market performance then you can request free stock tips, reports and analysis from this platform.
Exit JP Associates at Rs 120-121 because this is a weak stock and both a market and sector underperformer, says Rakesh Bansal of New Age Wealth on Zee Business. The stock is currently trading at Rs 119.90, up 0.2% on the BSE.
Hold JP Associates with long-term view, says Rajesh Tambe of Sunchan Securities on Zee Business. It is one of the best stocks in the infrastructure space, he adds. The stock is currently trading at Rs 123.20, down 4.2% on the BSE.
Buy JP Associates with a target of Rs 160-170 and stop loss of Rs 122, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 131, up 0.19% on the BSE
Sell JP Associates futures with target of 118 and stop loss of Rs 132, says Rakesh Bansal of New Age Wealth on CNBC Awaaz. The stock is currently trading at Rs 126.90, down 0.4% on the BSE.