Jaiprakash Associates fell 0.82% to Rs 72.75 at 9:17 IST on BSE after net profit fell 24.6% to Rs 138.84 crore on 2.1% growth in net sales to Rs 2963.57 crore in Q1 June 2012 over Q1 June 2011.
The company announced the results after market hours on Tuesday, 31 July 2012.
Meanwhile, the BSE Sensex was down 7.92 points or 0.05% to 17,228.26.
On BSE, 52,000 shares were traded in the counter as against average daily volume of 19.47 lakh shares in the past one quarter.
The stock hit a high of Rs 73.30 and a low of Rs 72.75 so far during the day.
The large-cap stock had outperformed the market over the past one month till 31 July 2012, falling 0.2% compared with the Sensex's 1.11% fall. The scrip had, however, underperformed the market in past one quarter, sliding 1.74% as against Sensex's 0.48% fall.
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Jaiprakash Associates is an engineering and construction firm. The company also has interests in hospitality and power sectors besides cement.
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