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 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 NSE. Back in first quarter, Ace investor in the country, 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 previous year, on the back of higher income and lower expenses incurred during the period.
Stock View:
Jaiprakash Associates Ltd is currently trading at Rs 28.65, up by Rs 3.05 or 11.91% from its previous closing of Rs 25.6 on the BSE.
The scrip opened at Rs 26.7 and has touched a high and low of Rs 30.4 and Rs 26.7 respectively. So far 78571140(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 6166.28 crore.
The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 30.4 on 28-Jul-2017 and a 52 week low of Rs 6.71 on 25-Nov-2016. Last one week high and low of the scrip stood at Rs 30.15 and Rs 24.2 respectively.
The promoters holding in the company stood at 39.28 % while Institutions and Non-Institutions held 25.78 % and 34.94 % respectively.
The stock is currently trading above its 50 DMA.
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