Jaiprakash Associates drops as net loss widens in Q2

Jaiprakash Associates dropped 1.27% to Rs 7.77 at 10:25 IST on BSE after the company reported net loss of Rs 781.20 crore in Q2 September 2016 compared with net loss of Rs 547.22 crore in Q2 September 2015.

The result was announced on Saturday, 10 December 2016.

Meanwhile, the BSE Sensex was down 147.14 points, or 0.55%, to 26,600.04.

On the BSE, 5.89 lakh shares were traded in the counter so far, compared with average daily volume of 38.28 lakh shares in the past one quarter. The stock had hit a high of Rs 7.85 and a low of Rs 7.63 so far during the day. The stock had hit a record low of Rs 5.30 on 2 June 2016. The stock had hit a 52-week high of Rs 13.39 on 28 July 2016.

The stock had underperformed the market over the past one month till 9 December 2016, falling 14.18% compared with the Sensex's 1.85% fall. The scrip had also underperformed the market in past one quarter, declining 35.01% as against the Sensex's 7.12% fall.

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

Jaiprakash Associates' total income declined 43.87% to Rs 1437.09 crore in Q2 September 2016 over Q2 September 2015.

Jaiprakash Associates is the flagship company of the Jaypee group and is engaged in engineering and construction, real estate and hospitality businesses.

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