Jaiprakash Power Ventures rose 2.43% to Rs 4.63 at 14:11 IST on BSE, with the stock recovering on bargain hunting after recent steep slide.
Meanwhile, the S&P BSE Sensex was down 60.71 points or 0.25% at 24,490.46.
On BSE, so far 1.44 lakh shares were traded in the counter as against average daily volume of 4.20 lakh shares in the past one quarter. The stock hit a high of Rs 4.64 and a low of Rs 4.50 so far during the day. The stock had hit a 52-week high of Rs 11.60 on 16 March 2015. The stock had hit a record low of Rs 4.25 on 1 March 2016. The stock had underperformed the market over the past one month till 15 March 2016, sliding 14.56% compared with Sensex's 4.23% rise. The scrip had also underperformed the market in past one quarter, declining 31.2% as against Sensex's 3.04% fall.
The small-cap company has equity capital of Rs 2938 crore. Face value per share is Rs 10.
Shares of Jaiprakash Power Ventures declined 7.75% in the preceding four trading sessions to settle at Rs 4.52 yesterday, 15 March 2016, from its close of Rs 4.90 on 9 March 2016.
Jaiprakash Power Ventures reported net loss of Rs 140.28 crore in Q3 December 2015, higher than net loss of Rs 90.21 crore in Q3 December 2014. Net sales declined 20.3% to Rs 826.65 crore in Q3 December 2015 over Q3 December 2014.
Jaiprakash Power Ventures is a power company and a part of Infrastructure conglomerate - Jaypee Group. The company plans, develops, implements and operates power projects in India.
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