Business Standard

JP Group stocks strike a sorry note amid rally

Nearly a million small investors stuck in group stocks see value erosion

graph
Premium

N Sundaresha Subramanian New Delhi
When the whole street was celebrating Holi with new highs, one counter was frowning. The stocks of the Jaiprakash Group, which has significant business interests in Uttar Pradesh and Uttarakhand, fell by up to 9.1 per cent.
Against a Sensex gain of 1.71 per cent, JP Power Ventures lost 3.97 per cent at Rs 5.57, Jaiprakash Associates ended 5.7 per cent lower at Rs 14.1 per share, and Jaypee Infratech fell 9.1 per cent to close at Rs 10.59 per share.
"They were the favourites of the Mayawati regime. What happened to Mayawati in the elections is reflected in the prices," said

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in