In a chat with ET Now, Ashwani Gujral of ashwanigujral.com, shares his views on JP Associates Ltd. ET Now: Your view on JP Associates Ltd? Ashwani Gujral: JP Associates Ltd is a 'BUY' call with a target of Rs 32 and a stop loss of Rs 26.
Mumbai: Jaiprakash Associates Ltd is attracting investors including Birla Sun Life Asset Management Co. as the builder of India's only Formula One racing track moves closer to its target of cutting debt by $2.4 billion.
Mumbai: Jaiprakash Associates Ltd, the engineering and infrastructure unit of the debt-laden Jaypee Group, on Wednesday reported a net loss of Rs.106.5 crore for the September quarter, at a time when the promoters are actively seeking to pare debt.
Bhilai Jaypee Cement Limited is a joint venture between Jaiprakash Associates, which holds 74% stake in the unit and the Steel Authority of India Ltd (SAIL), which holds 26%. The cement plant, which has revenues of US$130m/yr, has US$97.5m of debt.