Jaiprakash Associates share price: The crisis-hit Jaypee Group's flagship firm has recently executed a non-binding term sheet for restructuring of bonds. JP Associates has posted a consolidated net loss of Rs 476.12 crore in the third-quarter of this fiscal year (Q3 FY24). Its net loss stood at Rs 314.51 crore in the year-ago period and Rs 248.09 crore during the previous quarter.
Jaiprakash Associates share price: The stock jumped 9.94 per cent to hit a day high of Rs 19.35. At this price, the stock was 7.81 per cent away from its 52-week high of Rs 20.99, a level seen last week on November 16. That said, the counter has given multibagger returns by rallying 194.96 per cent from its one-year low price of Rs 6.56, hit on March 27, 2023.
Jaiprakash Associates share price: Bourses BSE and NSE have put the securities of JP Associates under the long-term ASM (Additional Surveillance Measure) framework. Exchanges put stocks in short-term or long-term ASM frameworks to caution investors about high volatility in share prices.
Jaiprakash Associates share price: The stock surged 8.07 per cent to hit a day high of Rs 14.20 over its previous close of Rs 13.14. It has gained 21.06 per cent in just two trading days. At today's high price of Rs 14.20, the scrip was 1.73 per cent away from its 52-week high of Rs 14.45, a level seen on September 7, 2023.
Jaiprakash Associates rose 14.66 per cent to hit a high of Rs 13.45 on BSE. An ET report had in 2022 suggested that the Adani group was in advanced talks to buy Jaiprakash Group's cement business for around Rs 5,000 crore.