Jaiprakash Associates (JAL), a
diversified infrastructure conglomerate, plunged on Tuesday after
it has reported a fall of 64.19% in its net profit to Rs 1.11
billion for the quarter ended Dec. 31, 2012 as compared to Rs 3.1
billion in the same period last year.
Net sales of the company went up by 15.54% to Rs 34.31 billion for the quarter ended Dec. 31, 2012 from Rs 29.70 billion in the year ago period.
During the quarter, the operating profit margin decreased 575
bps to 17.89% from 23.64% for the same period last year. 
Shares of the companyare trading at Rs
70.35, down Rs 2.35, or 3.23% at the Bombay Stock Exchange (BSE) on
Tuesday at 10:19 a.m.The scrip has touched an intra-day high of Rs
72.45 and low of Rs 69.65. The total volume of shares traded at the
BSE is 951,550.In the earlier session, the shares fell 0.55%, or Rs
0.39, at Rs 72.70. Currently, the stock is trading down 34.1% from
its 52-week high of Rs 106.75 and above 21.19% over the 52-week low
of Rs 58.05.
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