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Jaypee Infratech down on bulk selling by IndusInd Bank

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Capital Market

Jaypee Infratech was down 2.05% to Rs 13.41 at 12:19 IST on BSE after IndusInd Bank offloaded 1.10 crore shares of the company at Rs 13.65 per share in a bulk deal on the NSE on Friday, 23 February 2018.

Meanwhile, the S&P BSE Sensex was up 235.30 points or 0.69% at 34,377.45. The S&P BSE Small-Cap index advanced 0.85%, outperforming the Sensex.

On the BSE, 8.21 lakh shares were traded on the counter so far as against average daily volumes of 10.41 lakh shares in the past one quarter. The stock had hit a high of Rs 14.05 and a low of Rs 13.10 so far during the day. The stock had hit a 52-week high of Rs 25.60 on 8 January 2018 and a 52-week low of Rs 9.80 on 17 February 2017.

 

The stock had underperformed the market over the past one month till 23 February 2018, sliding 11.68% compared with the Sensex's 5.53% fall. The stock had also underperformed the market over the past one quarter, declining 4% as against the Sensex's 1.65% rise. The scrip had, however, outperformed the market over the past one year, surging 33.04% as against the Sensex's 18.17% rise.

The small-cap company has equity capital of Rs 1388.93 crore. Face value per share is Rs 10.

Jaypee Infratech reported a net loss of Rs 361.28 crore in Q3 December 2017, higher than net loss of Rs 41.39 crore in Q3 December 2016. Net sales declined 81.1% to Rs 59.90 crore in Q3 December 2017 over Q3 December 2016.

Jaypee Infratech is an infrastructure development company engaged in the development, operation and maintenance of the Yamuna Expressway and real estate projects.

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First Published: Feb 26 2018 | 12:21 PM IST

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