Jaypee Group Stocks Could See Further Selloff in Short Term: Avinnash Gorakssakar
Avinnash Gorakssakar, founder director of Moneyinvestments.in, terms TAQA India Power Ventures' withdrawal from the agreement to acquire Jaiprakash Power Ventures' power assets as a 'big negative surprise'. He further says that unless the group finds a new buyer for the assets in order to pare its debt, the markets are likely to be cautious on JP Power Venture and JP Associates stocks in the coming 2-3 months.
