Jaypee Infratech jumps on good Q2 results

Jaypee Infratech jumped 5.45% to Rs 24.20 at 12:45 IST on BSE after company's net profit rose 11.67% to Rs 115.90 crore on 6.94% growth in total income to Rs 857.41 crore in Q2 September 2014 over Q2 September 2013.

The Q2 result was announced on Saturday, 8 November 2014.

Meanwhile, the S&P BSE Sensex was down 75.95 points or 0.27% at 27,792.66.

On BSE, so far 6.1 lakh shares were traded in the counter as against average daily volume of 8.69 lakh shares in the past one quarter.

The stock hit a high of Rs 24.90 and a low of Rs 23.50 so far during the day. The stock had hit a 52-week high of Rs 42 on 26 May 2014. The stock had hit a 52-week low of Rs 17 on 13 November 2013.

The stock had outperformed the market over the past one month till 7 November 2014, advancing 6.74% compared with the Sensex's 6.08% rise. The scrip had, however, underperformed the market in past one quarter, slipping 34.99% as against Sensex's 8.91% rise.

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

Jaypee Infratech (JIL) was incorporated on 5 April 2007 as a Special Purpose Vehicle (SPV) for implementation, operation, and maintenance of 165 kilometer long 6-lane Access-Controlled Yamuna Expressway in the state of Uttar Pradesh connecting Noida and Agra. The company is undertaking the ribbon development on 6175 acres at five locations along the expressway for commercial, industrial, institutional, residential and recreational purposes. JIL is a subsidiary of the Jaypee Group, a diversified infrastructure conglomerate in India with interests in Engineering & Construction, Power, Cement, Real Estate, Hospitality, Expressways, Sports & Education (not-for-profit).

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