Jaypee Infratech skyrockets on likelihood of Yamuna expressway’s opening from July 1

05 Jun 2012

The part of JP Group's project Yamuna expressway is reportedly slated to begin its commercial operations from July 01, 2012. The report also stated that state’s newly elected chief minister - Akhilesh Yadav will be inaugurating the expressway. Uttar Pradesh government will be soon deciding on the toll rates to be collected from the users. This news has skyrocketed the stock, which is trading up by around 8-10%.

Jaypee Infratech is currently trading at Rs. 46.40, up by 3.90 points or 9.18% from its previous closing of Rs. 42.50 on the BSE.

The scrip opened at Rs. 45.80 and has touched a high and low of Rs. 48.40 and Rs. 44.50 respectively. So far 830542 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 65.70 on 24-Oct-2011 and a 52 week low of Rs. 33.00 on 22-Dec-2011.

Last one week high and low of the scrip stood at Rs. 48.40 and Rs. 41.85 respectively. The current market cap of the company is Rs. 6444.65 crore.

The promoters holding in the company stood at 83.27% while Institutions and Non-Institutions held 9.61% and 7.12% respectively. 

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