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May 17, 2012, 04.59 PM IST
Jaypee Infratech, a subsidiary of Jaypee group, has reported a growth of 39.6% year-on-year in its net profit of Rs 349 crore for the fourth quarter of FY12.
Net sales jumped 28.67% to Rs 920 crore in the quarter ended March 2012 versus Rs 715 crore in a year ago period. Analysts on average had expected net profit at Rs 340 crore and net sales at Rs 804 crore. The stock closed at Rs 44, up 2.80% over previous close on Thursday after hitting an intraday high of Rs 44.80 and low of Rs 43.35. Its trading volumes increased 294% to 97,246 shares as compared to its 5-day average of 24,682 shares.
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