Meanwhile, the S&P BSE Sensex was down 299.46 points, or 1.54%, to 19,164.36.
On BSE, 4.75 lakh shares were traded in the counter as against an average daily volume of 4.50 lakh shares in the past one quarter.
The stock hit a high of Rs 19.30 and a low of Rs 17.55 so far during the day. The stock had hit a record low of Rs 15.90 on 25 June 2013. The stock had hit a 52-week high of Rs 46.90 on 11 December 2012.
The stock had underperformed the market over the past one month till 2 July 2013, sliding 15% compared with the Sensex's 1.50% fall. The scrip had also underperformed the market in past one quarter, falling 25.10% as against Sensex's 2.22% rise.
The mid-cap company has an equity capital of Rs 2938 crore. Face value per share is Rs 10.
Last month, Jaiprakash Power Ventures announced that it had to shutdown the barrage operations and power generation at its 400 megawatts (MW) Vishnuprayag hydro-power plant at Chamoli in Uttarakhand from 16 June 2013 due to heavy rainfall in the region, leading to unprecedented flood.
Also Read
The company made the announcement during trading hours on 24 June 2013. The stock tumbled 13.48% to Rs 17.65 on that day. It fell 18.87% in two sessions to Rs 16.55 on 25 June 2013 from Rs 20.40 on 21 June 2013.
The company added that while it was taking effective steps to restore operations, assessment of damages at the plant will be made on restoration of commutation and connectivity to the barrage site. The Vishnuprayag project is covered under Industrial All Risk Insurance Policy, the company said.
The Vishnuprayag hydro-electric project was commissioned in October 2006, a run-of-the river project located across river Alaknanda in district Chamoli of Uttarakhand. The project, utilising the waters of river Alaknanda, has an underground power station with an installed capacity of 400 MW (4x100MW).
Jaiprakash Power Ventures reported net loss of Rs 122.26 crore in Q4 March 2013 as against net loss of Rs 6.78 crore in Q4 March 2012. Net sales rose 26.02% to Rs 369.10 crore in Q4 March 2013 over Q4 March 2012.
Jaiprakash Power Ventures currently operates the largest hydroelectric power plant in the private sector in India.
Powered by Capital Market - Live News