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Jai Corp recovers from 52-week trough

Capital Market/ 15:17 , Feb 03, 2011

Jai Corp rose 1.69% to Rs 171.80 at 15:15 IST on BSE, after net profit surged 53.9% to Rs 23.99 crore on 17.2% rise in net sales to Rs 112.82 crore in Q3 December 2010 over Q3 December 2009.

The company declared the results after market hours on Wednesday, 2 February 2011.

Meanwhile, the BSE Sensex was up 338.58 points, or 1.87%, to 18,429.20.

On BSE, 88,075 shares were traded in the counter compared with the average daily volume of 2.18 lakh shares in the past one quarter.

The stock hit a high of Rs 174.95 and a low of Rs 168.10 so far during the day. The stock had hit a 52-week low of Rs 166.50 on Wednesday, 2 February 2011. The stock had hit a 52-week high of Rs 317.50 on 2 February 2010.

The mid-cap stock had underperformed the market over the past one month till 2 February 2011, declining 23.91% compared with the Sensex's 11.79% fall. The stock had also underperformed the market in past one quarter, falling 30.29% as against Sensex's decline of 11.08%.

The company has an equity capital of Rs 17.85 crore. Face value per share is Rs 1.

 



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