Feb 12, 2013, 12.15 PM | Source: Moneycontrol.com
Jaiprakash Associates went down 4.5 percent on Tuesday after higher than expected fall in profit of third quarter of financial year 2012-13.
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.