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Jaiprakash Associates jumps on bargain hunting

Capital Market 

rose 5.02% to Rs 14.65 at 15:05 IST on on bargain hunting after a recent slide.

Meanwhile, the Sensex was up 584.69 points, or 1.76% to 33,891.83.

On the BSE, 55.09 lakh shares were traded in the counter so far compared with average daily volumes of 90.06 lakh shares in the past two weeks. The stock had hit a high of Rs 14.75 and a low of Rs 13.95 so far during the day. The stock hit a 52-week high of Rs 30.40 on 28 July 2017. The stock hit a 52-week low of Rs 9.15 on 24 May 2017.

Shares of slumped 23.98% in seven trading sessions to settle at Rs 13.95 on Friday, 9 March 2018, from its close of Rs 18.35 on 27 February 2018.

reported net loss of Rs 148.10 crore in Q3 December 2017 as against net loss of Rs 1095.02 crore in Q3 December 2016. Net sales declined 27.20% to Rs 1108.60 crore in Q3 December 2017 over Q3 December 2016.

Jaiprakash Associates is a diversified infrastructure company.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, March 12 2018. 15:09 IST