Jaiprakash Associates lost 1.81% to Rs 54.35 at 12:32 IST on BSE, with the stock sliding on profit taking after recent steep rally.
Meanwhile, the S&P BSE Sensex was up 5.73 points or 0.03% at 20,963.54.
On BSE, 6.20 lakh shares were traded in the counter as against average daily volume of 33.62 lakh shares in the past one quarter.
The stock was volatile. The stock lost as much as 2.16% at the day's low of Rs 54.15 so far during the day. The stock rose as much as 0.27% at the day's high of Rs 55.50 so far during the day.
The stock had outperformed the market over the past one month till 5 December 2013, surging 11.82% compared with the Sensex's 0.08% fall. The scrip had also outperformed the market in the past one quarter, jumping 47.4% as against Sensex's 10.42% surge.
Shares of Jaiprakash Associates had rallied 19.8% in six trading sessions to settle at Rs 55.35 on Thursday, 5 December 2013 from a recent low of Rs 46.20 on 27 November 2013.
Jaiprakash Associates' net profit declined 47.1% to Rs 67.67 crore on 5.6% growth in net sales to Rs 3149.40 crore in Q2 September 2013 over Q2 September 2012.
Jaiprakash Associates is a diversified company with business interest in construction, power, cement, real estate and hospitality
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