Jaypee Infratech hits record low after poor Q1 numbers

Jaypee Infratech tumbled 5.11% to Rs 19.50 at 10:43 IST on BSE after net profit slumped 61.4% to Rs 81.01 crore on 13.4% increase in net sales to Rs 769.20 crore in Q1 June 2013 over Q1 June 2012.

The company announced the result after market hours on Monday, 29 July 2013.

Meanwhile, the S&P BSE Sensex was up 11.71 points, or 0.06%, to 19,604.99.

On BSE, 71,509 shares were traded in the counter as against an average daily volume of 2.60 lakh shares in the past one quarter.

The stock hit a low of Rs 19.40 so far during the day, which is also a record low for the counter. The stock hit a high of Rs 20.20 so far during the day. The stock had hit a 52-week high of Rs 58.60 on 7 January 2013.

The stock had underperformed the market over the past one month till 29 July 2013, sliding 3.07% compared with the Sensex's 1.02% rise. The scrip had underperformed the market in past one quarter, falling 45.13% as against Sensex's 1.06% rise.

The small-cap company has an equity capital of Rs 1388.93 crore. Face value per share is Rs 10.

Jaypee Infratech has only one segment i.e. the Yamuna expressway project in Uttar Pradesh, connecting Noida and Agra, which includes construction, operation and maintenance of the Yamuna expressway and rights for land development of 25 million square meters along the expressway. The Yamuna expressway project was commissioned on 7 August 2012 and opened to public from 9 August 2012.

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