CLSA has recommended a BUY on Infrastructure major, JP Associates. They acknowledge the fact that the stock has already gone up by 127% but a look at the long-term chart back to 2005 shows there is considerable upside in this and other related names in the industrial area if there is a new investment cycle in India.
JP Associates had peaked Rs 350 in the 2008 Boom and has JP Infratech and other Realty Companies as its subsidiary.
