JP Power plunges after reporting Q3 loss
14th January 2013 11:18 AM
Jaiprakash Power Ventures, a part of India's leading infrastructure conglomerate Jaypee Group, slipped on Monday after it has posted a net loss of Rs 975.8 million for the quarter ended Dec. 31, 2012 compared to net profit of Rs 595.2 million in the same period last year.
During the quarter, the company saw an increase of 5.04% in total income to Rs 4.38 billion from Rs 4.17 billion for the quarter ended Dec. 31, 2011. It registered net sales of Rs 3.99 billion, a rise of 8.72% from Rs 3.67 billion during the corresponding period in the last financial year. Shares ofthe companyare trading at Rs 38.35, down Rs 1.9, or 4.72% at the Bombay Stock Exchange (BSE) on Monday at 10:48 a.m.The scrip has touched an intra-day high of Rs 40.30 and low of Rs 36.30. The total volume of shares traded at the BSE is 346,798.In the earlier session, the shares climbed 0.12%, or Rs 0.04, at Rs 40.25. Currently, the stock is trading down 22.84% from its 52-week high of Rs 49.70 and above 56.21% over the 52-week low of Rs 24.55.Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 38.30 1.95 5.09 1 Month 42.25 (2.00) (4.73) 3 Months 37.70 2.55 6.76 6 Months 34.55 5.70 16.50 1 Year 39.20 1.05 2.68 Note: Based on previous day closing price.
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