The counter is said to have attracted buying on the back of good future prospects, according to dealers. The counter had fallen by more than 18 per cent on profit booking after hitting a 52-week high in the first week of November.
The hydel power projects and cement divisions of the company are expected to do well in future, according to analysts.
For the second quarter ended 30 September 2003, Jaiprakash Industries reported a 11 per cent growth in net profit at Rs 35.64 crore on a 17 per cent fall in sales at Rs 347.92 crore.
