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JP Associates hits fresh 52-week high, Jaypee Infratech up 20%

Jaiprakash Power Ventures up 8% at Rs 4.97, after hitting high of Rs 5.28 on BSE in intra-day trade

Jaypee Group
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Jaypee Group

SI Reporter Mumbai
Shares of Jaypee Group companies such as Jaiprakash Associates, Jaypee Infratech and Jaiprakash Power Ventures have rallied by up to 20% in otherwise subdued market.

Jaypee Infratech is locked in upper circuit of 20% at Rs 14.94 on BSE on back of three-fold jump in trading volumes. A combined 7.69 million shares have already changed hands and there were pending buy orders for 2.8 million shares on the BSE and NSE.

Jaiprakash Associates too surged 20% to Rs 22.53, also its fresh 52-week high on BSE in intra-day trade, extending its past two days 22% rally after lenders