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Buy Call JP Hydro Power

Shalini Kakkad 23 November 2007

JP Hydro is another stock recommended for delivery on Friday’s close. The stock has gained almost 10 percent right now. The stock has touched a high of Rs 109.

After crossing the level of 105, the stock looks in uptrend. The stock can offer decent returns in short term. If the stock markets remain positive on Monday, one can expect an intraday gain of nearly 5 percent in the stock.

The stock is trading at a P/E of 32. The company has strong fundamentals and there are many projects in the pipeline. One can even keep this stock for medium term.

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