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Jaiprakash falls; Goldman Sachs downgrades

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Reuters

Reuters Market Eye - Jaiprakash Associates falls 2.5 percent. Goldman Sachs downgrades the stock to "neutral" from "buy" and removes from Asia Pacific buy list, citing uncertainty after one of its promoters sold 1.45 percent stake.

Uncertainty on Supreme Court ruling on coal allocations is also cited as a key reason for downgrade.

(Reporting by Abhishek Vishnoi)

 

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First Published: Sep 12 2014 | 11:18 AM IST

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