Jaypee Infratech shares slump nearly 8% post Q1 loss

Shares of construction firm Jaypee Infratech today declined by nearly 8 per cent after the company reported a loss of Rs 35.6 crore for the first quarter ended June 30.
The scrip settled the day with a loss of 7.20 per cent at Rs 9.15 on BSE. During the day, it fell by 8.72 per cent to Rs 9.
At NSE, shares of the company tanked 7.57 per cent to end at Rs 9.15.
In terms of volume, 6.89 lakh shares of the company were traded on BSE and over 11 lakh shares changed hands at NSE during the day.

The company had a net profit of Rs 20.8 crore in the April-June period of 2015.
However, total income rose to Rs 1,099.3 crore in the first quarter of current fiscal from Rs 514.5 crore in the year-ago period, Jaypee Infratech said in a regulatory filing on Saturday.