Jaiprakash Associates corrects on profit booking

Jaiprakash Associates fell 4.20% to Rs 11.64 at 14:15 IST on BSE on profit booking after the stock rose 9.16% in the preceding four trading sessions to Rs 12.15 yesterday, 14 July 2015, from a recent low of Rs 11.13 on 8 July 2015.

Meanwhile, the BSE Sensex was up 274.67 points, or 0.98%, to 28,207.57.

On BSE, so far 23.58 lakh shares were traded in the counter, compared with an average volume of 27.70 lakh shares in the past one quarter.

The stock hit a high of Rs 12.12 and a low of Rs 11.59 so far during the day. The stock hit a 52-week high of Rs 68.90 on 21 July 2014. The stock hit a 52-week low of Rs 10.20 on 12 June 2015.

The stock had outperformed the market over the past one month till 14 July 2015, rising 13.02% compared with 5.71% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 53.45% as against Sensex's 3.83% fall.

The small-cap company has an equity capital of Rs 486.49 crore. Face value per share is Rs 2.

Jaiprakash Associates reported net loss of Rs 806.59 crore in Q4 March 2015 as against net profit of Rs 100.42 crore in Q4 March 2014. Net sales declined 25.66% to Rs 2529.64 crore in Q4 March 2015 over Q4 March 2014.

Jaiprakash Associates is a diversified infrastructure conglomerate with business interests in engineering & construction, cement, power, real estate, expressways, fertilizer, hospitality, healthcare, sports, information technology and education (not-for-profit).

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