JP Associates gets "midas" touch

about 3 years ago
No Image

Jaiprakash Associates has been in the limelight past couple of days. Yesterday too, it breached the UC at Rs.24 and today too, it breached the UC at Rs.25.35 and hit a new high at Rs.26.50.

The stock is up on news that Rakesh Jhunjhunwala has picked up 2.5 crore shares, or 1% stake in the company during the June quarter.

Jhunjhunwala is like the Midas touch; the moment he announced buying stake in any company, the stock price spurts up.

Popular Comments