Jaypee Infratech rose 3.90% to Rs 28 at 10:27 IST on BSE on bargain hunting after the stock fell 17.33% in the preceding two trading sessions to Rs 26.95 on 5 September 2014, from a recent high of Rs 32.60 on 3 September 2014.
Meanwhile, the BSE Sensex was up 213.60 points, or 0.79%, to 27,240.30.
On BSE, so far 5.81 lakh shares were traded in the counter, compared with an average volume of 14.26 lakh shares in the past one quarter.
The stock hit a high of Rs 28.75 and a low of Rs 26.75 so far during the day. The stock hit a 52-week high of Rs 42 on 26 May 2014. The stock hit a 52-week low of Rs 15.55 on 30 September 2013.
The stock had underperformed the market over the past one month till 5 September 2014, falling 23.87% compared with 4.32% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 24.19% as against Sensex's 8.02% rise.
The mid-cap company has an equity capital of Rs 1388.93 crore. Face value per share is Rs 10.
Jaypee Infratech's net profit fell 43.3% to Rs 45.96 crore on 8.3% decline in net sales to Rs 705.64 crore in Q1 June 2014 over Q1 June 2013.
Jaypee Infratech is an Indian infrastructure development company engaged in the development of the Yamuna Expressway and related real estate projects.
Powered by Capital Market - Live News
