Friday 13 June 2014

JP Associates strengthens as its arm completes sale of Gujarat Cement Plant

Jaiprakash Associates (JPAssociates) is currently trading at Rs. 82.10, up by 0.75 points or 0.92% from its previous closing of Rs. 81.35 on the BSE.

The scrip opened at Rs. 81.90 and has touched a high and low of Rs. 82.95 and Rs. 81.60 respectively. So far 439296 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 89.85 on 11-Jun-2014 and a 52 week low of Rs. 28.40 on 19-Aug-2013.
Last one week high and low of the scrip stood at Rs. 89.85 and Rs. 80.30 respectively. The current market cap of the company is Rs. 18351.82 crore.
The promoters holding in the company stood at 45.08% while Institutions and Non-Institutions held 37.46% and 17.45% respectively.

Jaiprakash Associates’ wholly owned subsidiary - Jaypee Cement Corporation, has consummated the transaction relating to the sale of Gujarat Cement Plant on June 12, 2014.
Jaypee Group is the country’s third largest cement maker. Swiss major Holcim owns majority stake in both ACC and Ambuja Cement with a combined capacity of around 52 mtpa in India.

No comments:

Post a Comment