Jaypee Infratech fell 8.80% to Rs 33.70 at 9:29 IST on BSE after net profit slumped 91.12% to Rs 13.19 crore on 20.16% decline in net sales to Rs 765.06 crore in Q4 March 2014 over Q4 March 2013.
The result was announced after market hours on Monday, 26 May 2014.
Meanwhile, the BSE Sensex was down 90.08 points, or 0.36%, to 24,626.80.
On BSE, so far 5.31 lakh shares were traded in the counter, compared with an average volume of 6.96 lakh shares in the past one quarter.
The stock hit a high of Rs 35.50 and a low of Rs 31.90 so far during the day. The stock hit a 52-week high of Rs 42 on 26 May 2014. The stock hit a record low of Rs 14.45 on 28 August 2013.
The stock had outperformed the market over the past one month till 23 May 2014, rising 68.60% compared with 7.94% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 100.26% as against Sensex's 19.29% 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 declined 56.92% to Rs 299.16 crore on 1.35% rise in net sales to Rs 3318.69 crore in the year ended March 2014 over the year ended March 2013.
Jaypee Infratech is an Indian infrastructure development company engaged in the development of the Yamuna Expressway and related real estate projects.
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