Invest in JP Associates: PN Vijay

New Delhi : PN Vijay, Portfolio Manager feels one can invest in JP Associates with time horizon of 3-5 years. Vijay told CNBC-TV18, "JP Associates has taken a pummeling in the last 6 months. One is that they have got a very good cement business close to about 12 million tonnes and one is seeing a deep change in the Indian stock market if one looks on a 2-3 years time span, textiles, sugars and all these boring Indian commodities seemed to be coming back to life. So from that point of view, incrementally cement may not be a bad thing as we saw ACC etc."