Jaypee Infratech slips after reporting reverse turnaround in Q1

Jaypee Infratech dropped 5.27% to Rs 9.34 at 9:45 IST on BSE after the company posted net loss of Rs 35.67 crore in Q1 June 2016 compared with net profit of Rs 20.86 crore in Q1 June 2015.

The result was announced on Saturday, 10 September 2016.

Meanwhile, the S&P BSE Sensex was down 423.29 points or 1.47% at 28,373.96.

On BSE, so far 30,906 shares were traded in the counter as against average daily volume of 6.77 lakh shares in the past one quarter. The stock hit a high of Rs 9.69 and a low of Rs 9 so far during the day. The stock had hit a record low of Rs 5.34 on 6 June 2016. The stock had hit a 52-week high of Rs 15.15 on 21 October 2015. The stock had outperformed the market over the past one month till 9 September 2016, gaining 10.79% compared with Sensex's 2.54% gain. The scrip had also outperformed the market in past one quarter, surging 60.85% as against Sensex's 7.6% gain.

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

Jaypee Infratech's total income jumped 113.64% to Rs 1099.33 crore in Q1 June 2016 over Q1 June 2015.

Jaypee Infratech (JIL) is an infrastructure development. JIL a subsidiary of the Jaypee Group.

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