At 9.24am, Jaiprakash Associates stock was trading at Rs29.15 on the BSE, up 15% from its previous close, while India’s benchmark Sensex index rose 0.12% to 32,364.81 points. Photo: MintMumbai: Shares of debt-ridden Jaiprakash Associates Ltd on Monday gained as much as 20%, hitting a nearly three-year high, after the company reported profit for the June quarter after 12 consecutive quarter losses, which came as a surprise. Jaypee Infratech Ltd and Jaiprakash Power Ventures Ltd rose 5% each. So far this year, JP Associates has surged 225%, Jaiprakash Power Ventures Ltd 83% and Jaypee Infratech Ltd gained 182%. As of March 2017, Jaiprakash Power Venture has a total debt of Rs9,608.70 crore.

Source: Mint August 07, 2017 04:07 UTC