Jaiprakash Associates is currently trading at Rs. 81.40, up by 1.85 points or 2.33% from its previous closing of Rs. 79.55 on the BSE.
The scrip opened at Rs. 79.80 and has touched a high and low of Rs. 81.90 and Rs. 79.55 respectively. So far 1889318 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 102.65 on 25-Apr-2011 and a 52 week low of Rs. 50.45 on 09-Jan-2012.
Last one week high and low of the scrip stood at Rs. 82.50 and Rs. 74.50 respectively. The current market cap of the company is Rs. 17170.95 crore.
The promoters holding in the company stood at 46.83% while Institutions and Non-Institutions held 30.96% and 22.21% respectively.
Jaiprakash Associates has been awarded two contracts by Mangdechhu Hydroelectric Project Authority, Bhutan for construction of two contract packages pertaining to 720 MW Mangdechhu Hydroelectric Project located in Trongsa district Bhutan.
The company has reported a fall of 12% in its net profit of Rs 205 crore in the third quarter of the current fiscal, mainly on higher interest outgo. The company had clocked Rs 233 crore net profit during the October-December quarter of last fiscal. The interest outgo of the company rose to Rs 449 crore during the quarter compared to Rs 338 crore a year ago as a result of the tightening of the monetary policy by the Reserve Bank.