Jaiprakash hits top circuit on road deal
DALAL STREET SPIKES
| The company has been awarded a contract for the Delhi-Agra expressway by the UP Government. The counter saw a six-fold jump in its volumes at 6.9 million shares. |
| The company's September quarter results were not so encouraging as its net sales and profits grew only 15 and 5 per cent respectively to Rs 770 crore and Rs 90 crore. |
| The company focuses right from build-own-operate (BOO) basis to engineering, procurement, construction (EPC) contracts, besides executing construction contracts ranging from 300 Mw to 1,500 Mw. |
| It has a presence in the cement business as also in the hospitality segment. The stock has significantly underperformed the broader market ever since July. |