Jaiprakash Associates creates a big buzz in morning trade
DSIJ Intelligence / 07 Aug 2017
Jaiprakash Associates is the most active stock both by value and volume in the morning trade on August 7, 2017. The stock touched its intraday high of Rs 30.15 per share on the NSE, up by nearly 19%.
Jaiprakash Associates is the most active stock both by value and volume in the morning trade on August 7, 2017. The stock touched its intraday high of Rs 30.15 per share on the NSE, up by nearly 19%.
The stock attracted traded volume of 5,29,49,275 shares and traded value of Rs 153.87 crore as of 0937 hours on the NSE. Back in the first quarter, ace investor Rakesh Jhunjhunwala had picked up 2.5 crore shares or 1% stake in the company. Since then, there have been huge volumes seen in the stock.
The company recently reported a standalone net profit of Rs 764.99 crore in the quarter ended June as against Rs 602.95 crore loss in the corresponding quarter of the previous year, on the back of higher income and lower expenses incurred during the period.
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