The stock could not hold on to its gains and slipped 6% from its high to touch the day's low of Rs 239. It finally ended flat at Rs 240 with over 7.72 million shares traded on the BSE.
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(Updated at 1121 hrs)
Jaiprakash Assocites has rallied 3% after the company reported a four-fold jump in net-profit.
The stock today opened at Rs 244, touched a low of Rs 243 and a high of Rs 254. The scrip is now trading at Rs 248, up 3% from the previous year. Around 2.80 million shares have been traded on the counter at the BSE.
The company reported a net-profit of 491.18 crore in the June quarter as compared to Rs 125.21 crore in the previous quarter, a year ago.
The total income also saw a leap of 77% to Rs 2,117 crore from Rs 1,194 crore last year.
