Despite bad tidings, Jaiprakash Associates breaches upper circuit
DSIJ Intelligence / 30 Aug 2017
The stock of the company hit a high, breaching the upper circuit during early morning trade on Wednesday, on the BSE.
In spite of the report that Jaiprakash Associates may feature in the second list of defaulters prepared by the Reserve Bank of India, which further might be taken to the National Company Law Tribunal (NCLT) by banks if the debt issue is not resolved by December, the stock of the company hit a high, breaching the upper circuit during early morning trade on Wednesday, on the BSE.
The stock beached the upper circuit at Rs 23.35 per share, up by Rs 2 or 9.41% on Wednesday, on the BSE as against its previous close of Rs 21.25. It attracted a traded volume of 8,24,71,044 shares and traded value of Rs 18,885.87 lakhs on the NSE. The company had hit its 52-week high of Rs 30.45 on July 28, 2017, and 52-week low of Rs 6.70 on November 25, 2016, on the NSE.
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