Jaiprakash Associates slumped 5.29% to Rs 11.28 at 12:17 IST on BSE after the company reported a net loss of Rs 464.99 crore in Q1 June 2015, higher than net loss of Rs 80.61 crore in Q1 June 2014.
The Q1 result was announced on Saturday, 8 August 2015.
Meanwhile, the S&P BSE Sensex was up 151.78 points or 0.54% at 28,388.17.
On BSE, so far 27.26 lakh shares were traded in the counter as against average daily volume of 33.46 lakh shares in the past one quarter.
The stock hit a high of Rs 11.78 and a low of Rs 11.12 so far during the day. The stock had hit a record low of Rs 8.73 on 29 July 2015. The stock had hit a 52-week high of Rs 61.40 on 7 August 2014.
The stock had outperformed the market over the past one month till 7 August 2015, advancing 0.51% compared with Sensex's 0.23% rise. The scrip had, however, underperformed the market in past one quarter, declining 36.65% as against Sensex's 6.16% rise.
The small-cap company has equity capital of Rs 486.49 crore. Face value per share is Rs 2.
Jaiprakash Associates' net sales declined 20.7% to Rs 2377.54 crore in Q1 June 2015 over Q1 June 2014.
Jaiprakash Associates (JAL) is the flagship company of the Jaypee group and is engaged in engineering and construction, cement, real estate and hospitality businesses.
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