Jaiprakash Associates recovers after 2-day 7.8% slide

Meanwhile, the S&P BSE Sensex was down 99.57 points or 0.54% at 18,410.13.

On BSE, 7.93 lakh shares were traded in the counter as against average daily volume of 20.11 lakh shares in the past one quarter.

The stock hit a high of Rs 65.20 and a low of Rs 63.40 so far during the day. The stock had hit a 52-week high of Rs 106.75 on 12 December 2012. The stock had hit a 52-week low of Rs 58.05 on 24 May 2012.

The stock had underperformed the market over the past one month till 4 April 2013, sliding 6.52% compared with the Sensex's 1.95% fall. The scrip had also underperformed the market in past one quarter, declining 36.78% as against Sensex's 6.44% fall.

The large-cap infrastructure company has equity capital of Rs 443.81 crore. Face value per share is Rs 2.

Shares of Jaiprakash Associates had declined 7.86% in two trading sessions to settle at Rs 63.85 on Thursday, 4 April 2013, from a recent high of Rs 69.30 on 2 April 2013.

Jaiprakash Associates' net profit declined 64.2% to Rs 110.93 crore on 15.3% growth in net sales to Rs 3398.39 crore in Q3 December 2012 over Q3 December 2011.

Jaiprakash Associates is a diversified company with business interest in construction, power, cement, real estate and hospitality.

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