The share price declined 37 percent in the last one year.
Shares of J Kumar Infraprojects rose 10 percent intraday on August 14 after the company was removed from the list of shell companies.
The company in its release said that it has received a letter from Serious Frauds Investigation Office, Ministry Of Corporate Affairs stating that the company name has been removed from the suspect list/confirmed list of database of shell companies.
The company has posted Q1FY20 net profit of Rs 41 crore, a growth of 2 percent from Rs 40 crore reported in Q1FY19.
Total income of the company increased by 8 percent at Rs 673 crore against Rs 625 crore.
At 1338 hrs, J Kumar Infraprojects was quoting at Rs 140.45, up Rs 8.60, or 6.52 percent on the BSE.
The share touched its 52-week high Rs 274.70 and its 52-week low Rs 104.00 on 30 August 2018 and 01 February 2019, respectively.
Currently, it is trading 49.13 percent below its 52-week high and 34.38 percent above its 52-week low.The share price declined 37 percent in the last one year.Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months at 289. Use code FREEDOM.