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Jaiprakash Associates gains on bargain hunting

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Capital Market
Last Updated : May 24 2013 | 3:31 PM IST

Meanwhile, the BSE Sensex was up 35.45 points, or 0.19%, to 19,710.97.

On BSE, 37.03 lakh shares were traded in the counter as against an average daily volume of 19.43 lakh shares in the past one quarter.

The stock hit a high of Rs 69 and a low of Rs 65.50 so far during the day. The stock had hit a 52-week high of Rs 106.75 on 12 December 2012. The stock had hit a 52-week low of Rs 58.05 on 24 May 2012.

The stock had underperformed the market over the past one month till 23 May 2013, falling 13.99% compared with the Sensex's 2.58% rise. The scrip also underperformed the market in past one quarter, sliding 4.34% as against Sensex's 1.85% rise.

The large-cap company has an equity capital of Rs 443.81 crore. Face value per share is Rs 2.

Shares of Jaiprakash Associates had declined 18.08% in four trading days to Rs 67.30 on 23 May 2013 from a recent high of Rs 82.15 on 17 May 2013.

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Jaiprakash Associates' net profit fell 56.5% to Rs 123.50 crore on 4% decline in total income to Rs 3936.35 crore in Q4 March 2013 over Q4 March 2012.

Jaiprakash Associates is a diversified company with business interest in construction, power, cement, real estate and hospitality.

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First Published: May 24 2013 | 2:55 PM IST

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