Are you looking for multibagger jackpot stock 2017 in Indian equity market? Do you know that Big Bull of Indian stock market is riding on the next multibagger idea? You can too earn multifold return with multibagger stock JP Associates.
You may be aware that India is the second largest producer of cement in the world. India’s cement industry is the key driver for growth and providing huge employment to millions of million people, directly or indirectly. Cement sector is likely to benefit if infrastructure and construction sector to grow. Indian government initiatives such as the development of smart the cities are expected to provide a major boost to the cement sector.
Cement prices in India are growing at a steady rate which indicates the probability of growth in volume and profitability of cement companies in the near future. Real estate sector is the biggest demand driver of cement and also it is required for infrastructure, commercial and industrial constructions.
About Multibagger Stock JP Associates
Jaiprakash Associates Ltd. (JAL), is one of the subsidiary company of the Jaypee Group and was incorporated in 1996. It was due to the merger of Jaiprakash Industries (JIL) and Jaiprakash Cement (JCL). JAL is currently executing various projects in hydropower, irrigation, and other infrastructure fields. Furthermore, it has already executed 13 hydropower projects spread over six states and also in Bhutan.
It has commissioned Largest Single location Integrated Balaji Cement Plant in the country. JAL has acquired more than 75 years old Andhra Cement Ltd. with a capacity of 3 MnTPA.
Recently ace investor Rakesh Jhunjhunwala has bought 2.5 crore shares, or 1% stake, in Jaiprakash Associates during the June quarter. The details were shown in Jaiprakash Associates’ shareholding data. Currently, Rakesh Jhunjhunwala‘s holding in the company is worth Rs 57.5 crore. The stock is one of the top performers in the Nifty 500 index this year.
|Va Tech Wabag||3,345.89||1,798.38||943.92|
|Rel Ind Infra||700.64||93.21||273.33|
|Era Infra Eng||49.74||1,210.73||6,044.90|
Technical Aspect of Multibagger Stock JP Associates
Multibagger stock JP Associates is trading at around 29.30 and its near-term target is 34. Put Stop Loss at 19.20 for a short-term target of 49.90, if you are a positional trader. Once it able to sustain above 49.90 it will move upward and may touch 99 level. JP Associates has a strong resistance at 99.90 level and if it manages to break out it will hit 170+ levels. You can expect final breakout at around 170 and it may cross 330+ levels.
Trail your Stop Loss once it crosses above 34 levels and keeps trailing SL if it moving upwards continuously. You can ignore the smaller correction or you can book profit at 34 and 49.90 levels if you don’t have the patience and courage to hold. So, invest in multibagger stock JP Associates as soon as possible before it runs up.
Multibagger stock JP Associates will give you multifold returns in the coming year and so hold the stock for long term. You will be a millionaire in few years by investing only one lakh only in JP Associates.
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Author: Ratan Kumar
Ratan Kumar, an enthusiast stock market trader & blogger. Forecasting stock market moves with the use of technical analysis since 2008. For the technical trader & investor, new or experienced, he provides legitimate and valuable advisory from day trading to long-term investment horizon and helped thousands of investors to make money out of stock market.