Jaiprakash Associates Ltd v/s Punj lloyed ltd

Dear Mahesh ji, Whatz your view on Jaiprakash Associates at this levels(around Rs 63). Thanks & Regards M Rajkumar
 1. Jaiprakash Associates Ltd is a 2 rupee face value construction and engineering company. 
2. Year high of Jaiprakash Associates Ltd is 106 and year low 58.05 stock traded at 76 , this ratio is normal. 
3. Promoters holding 44.76 % which is diluted from 46.72% so dilution in promoters holding is a negative point. 
4.Due to dilution in promoters holding i think you may consider punj lloyed limited instead of Jaiprakash Associates Ltd. 
5. Punj lloyed limited is in my personal holdings so this is my dis-closer.