Jaiprakash Associates rose 7.13% to Rs 25.55 at 13:51 IST on BSE on bargain hunting after the stock slumped 11.01% in the preceding four trading sessions to Rs 23.85 on 14 January 2015, from a recent high of Rs 26.80 on 8 January 2015.
Meanwhile, the BSE Sensex was up 662.90 points, or 2.42%, to 28,009.72.
On BSE, so far 28.64 lakh shares were traded in the counter, compared with an average volume of 31.79 lakh shares in the past one quarter.
The stock hit a high of Rs 25.65 and a low of Rs 24.25 so far during the day. The stock hit a 52-week high of Rs 89.85 on 11 June 2014. The stock hit a 52-week low of Rs 23.05 on 23 December 2014.
The stock had underperformed the market over the past one month till 14 January 2015, sliding 8.80% compared with 0.01% fall in the Sensex. The scrip had also underperformed the market in past one quarter, falling 20.63% as against Sensex's 3.79% rise.
The mid-cap company has an equity capital of Rs 486.49 crore. Face value per share is Rs 2.
Jaiprakash Associates reported a net loss of Rs 106.48 crore in Q2 September 2014 compared with net profit of Rs 67.67 crore in Q2 September 2013. Net sales declined 15.4% to Rs 2664.12 crore in Q2 September 2014 over Q2 September 2013.
Jaiprakash Associates is a diversified infrastructure conglomerate with business interests in engineering & construction, cement, power, real estate, expressways, fertilizer, hospitality, healthcare, sports, information technology and education (not-for-profit).
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