The stock could not hold on to its gains and slipped 6% from its high to touch the day's low of Rs 239. It finally ended flat at Rs 240 with over 7.72 million shares traded on the BSE.
____________________________________________
(Updated at 1121 hrs)
Jaiprakash Assocites has rallied 3% after the company reported a four-fold jump in net-profit.
The stock today opened at Rs 244, touched a low of Rs 243 and a high of Rs 254. The scrip is now trading at Rs 248, up 3% from the previous year. Around 2.80 million shares have been traded on the counter at the BSE.
The company reported a net-profit of 491.18 crore in the June quarter as compared to Rs 125.21 crore in the previous quarter, a year ago.
The total income also saw a leap of 77% to Rs 2,117 crore from Rs 1,194 crore last year.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app