Jaiprakash Associates fell 1.78% to Rs 74.65 at 11:21 IST on BSE, with the stock sliding on profit booking after 7-day 18.65% rally.
Meanwhile, the S&P BSE Sensex was up 75.41 points or 0.4% at 19,091.87
On BSE, 5.23 lakh shares were traded in the counter as against average daily volume of 20.36 lakh shares in the past one quarter.
The stock hit a high of Rs 76.60 and a low of Rs 74 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 outperformed the market over the past one month till 18 April 2013, rising 2.56% compared with the Sensex's 1.43% fall. The scrip had also underperformed the market in past one quarter, sliding 15.65% as against Sensex's 5.10% fall.
The large-cap infrastructure company has equity capital of Rs 443.81 crore. Face value per share is Rs 2.
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Shares of Jaiprakash Associates had rallied 18.65% in seven trading sessions to Rs 76 on 18 April 2013 from a recent low of Rs 64.05 on 9 April 2013.
Jaiprakash Associates' net profit declined 64.2% to Rs 110.93 crore on 15.3% growth in net sales to Rs 3398.39 crore in Q3 December 2012 over Q3 December 2011.
Jaiprakash Associates is a diversified company with business interest in construction, power, cement, real estate and hospitality.
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