Jaypee Infratech jumped 13.16% to Rs 33.10 at 14:49 IST on BSE on bargain hunting after the stock slumped 21.69% in the preceding five trading sessions to Rs 29.25 on 16 June 2014, from a recent high of Rs 37.35 on 9 June 2014.
Meanwhile, the BSE Sensex was up 322.37 points, or 1.28%, to 25,512.85.
On BSE, so far 39.60 lakh shares were traded in the counter, compared with an average volume of 9.35 lakh shares in the past one quarter.
The stock hit a high of Rs 33.35 and a low of Rs 30 so far during the day. The stock hit a 52-week high of Rs 42 on 26 May 2014. The stock hit a 52-week low of Rs 14.45 on 28 August 2013.
The stock had underperformed the market over the past one month till 16 June 2014, falling 2.99% compared with 4.43% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 57.68% as against Sensex's 15.50% rise.
The mid-cap company has an equity capital of Rs 1388.93 crore. Face value per share is Rs 10.
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Jaypee Infratech's net profit slumped 91.12% to Rs 13.19 crore on 20.16% decline in net sales to Rs 765.06 crore in Q4 March 2014 over Q4 March 2013.
Jaypee Infratech is an Indian infrastructure development company engaged in the development of the Yamuna Expressway and related real estate projects.
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