Jaiprakash Associates jumped 4.67% to Rs 57.20 at 13:50 IST on BSE on bargain hunting after the stock fell 8.07% in the preceding three trading sessions to Rs 54.65 on 16 April 2014, from a recent high of Rs 59.45 on 10 April 2014.
Meanwhile, the BSE Sensex was up 298.30 points, or 1.34%, to 22,575.53.
On BSE, so far 16.99 lakh shares were traded in the counter, compared with an average volume of 25.96 lakh shares in the past one quarter.
The stock hit a high of Rs 57.70 and a low of Rs 54.40 so far during the day. The stock hit a 52-week high of Rs 83.60 on 20 May 2013. The stock hit a 52-week low of Rs 28.40 on 19 August 2013.
The stock had outperformed the market over the past one month till 16 April 2014, rising 13.03% compared with the Sensex's 2.14% rise. The scrip had also outperformed the market in past one quarter, rising 14.81% as against Sensex's 4.76% rise.
The large-cap company has an equity capital of Rs 443.81 crore. Face value per share is Rs 2.
Jaiprakash Associates reported net loss of Rs 88.71 crore in Q3 December 2013 as compared to a net profit of Rs 110.93 crore in Q3 December 2012. Total income fell 9.5% to Rs 3181.81 crore in Q3 December 2013 over Q3 December 2012.
Jaiprakash Associates is a diversified company with business interest in construction, power, cement, real estate and hospitality.
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