For Quick Alerts
For Daily Alerts

Jaiprakash Associates hits 52-week low on Deutsche Bank downgrade

By Religare

Shares of Jaiprakash Associates, a part of Jaypee Group, tumbled over 11 per cent, hitting 52-week low, on Bombay Stock Exchange (BSE) after Deutsche Bank downgraded the stock to 'sell' from 'hold' citing higher-than-expected debt.

Besides, the market experts have estimated that the company may report subdued performance in June quarter higher input cost and lower realization.

In line with benchmark indices, shares of the company declined as much as 11.22 per cent and touched 52-week low to trade at Rs 41.90 a piece on the BSE.


In a similar fashion, shares of the company dipped 9.84 per cent to Rs 42.60 a piece on National Stock Exchange.

Meanwhile, the broader benchmark Sensex was quoting at 19,974.15, down 116.52 points or 0.58 per cent at 1214 hours.

Read more about: jaiprakash associates
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more