Jaiprakash Associates went down 4.5 percent on Tuesday after higher than expected fall in profit of third quarter of financial year 2012-13.
Jaiprakash Associates went down 4.5 percent on Tuesday after higher-than-expected fall in its third quarter profits.
Meanwhile, the research firm Barclays has an overweight rating on the stock with a target price of Rs 103. "Near-term performance will be driven by the company's ability to resolve the perception around it's debt service capability," Barclays reasoned.
At 11:42 hours IST, shares lost 4.5 percent to Rs 69.45 on Bombay Stock Exchange.
Jaiprakash Asso stock price
On January 30, 2015, Jaiprakash Associates closed at Rs 28.55, up Rs 2.40, or 9.18 percent. The 52-week high of the share was Rs 89.85 and the 52-week low was Rs 23.05.
The latest book value of the company is Rs 56.48 per share. At current value, the price-to-book value of the company was 0.51.
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