Jaiprakash Associates Stocks declines by 9%
DSIJ Intelligence / 04 Jul 2017
UltraTech Cement has recently completed the Rs 16,189 crore acquisition of Jaiprakash Associates' six integrated cement plants and five grinding units, having a capacity of 21.2 million tonnes.
On Tuesday,the stock of debt-burdened Jaiprakash Associates tumbled 9% on the BSE.
Jaypee Infratech Ltd. and Jaiprakash Power Ventures Ltd. were trading down by 7.40% and 4.90%, respectively on Tuesday, on the BSE.
Jaiprakash Associates was trading at Rs 19.60, down by Rs 1.15 or 5.54% as at 1513 hours on Tuesday, on the BSE. The stock had hit an intraday low of Rs 18.70.
UltraTech Cement has recently completed the Rs 16,189 crore acquisition of Jaiprakash Associates' six integrated cement plants and five grinding units, having a capacity of 21.2 million tonnes.
The scrip opened at Rs 20.5 and has touched a high and low of Rs 20.85 and Rs 18.7, respectively. So far 19,22,40,674 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 5,047.35 crore.
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