Construction and cement firm Jaiprakash Associates today reported a 56.48 per cent decline in its standalone net profit at Rs 123.50 crore in the fourth quarter ended March, 2013 due to subdued sal...
Barclays says that with the ramp-up in cash flows, JPA will start deleveraging from FY14E onwards and its RoE will increase from 6% in FY12 to 13% by FY15E.
We recommend a buy on the stock of Jaiprakash Associates from a short-term perspective. It is apparent from the charts of the stock that following a medium-term downtrend from its 52-week...