Meanwhile, the BSE Sensex was down 50.51 points, or 0.3% to 16,832.16.
On BSE, 19.59 lakh shares were traded in the counter as against average daily volume of 23.69 lakh shares in the past one quarter.
The stock hit a high of Rs 69.40 and a low of Rs 65.60 so far during the day. The stock had hit a 52-week low of Rs 54.45 on 26 August 2011. The stock had hit a 52-week high of Rs 129.90 on 15 November 2010.
The stock had lost 9.3% in the past two trading sessions from Rs 74.55 on 14 November 2011 on weak Q2 operating performance. The stock had lost 5.84% to settle at Rs 70.20 on Tuesday, 15 November 2011, after the company reported the second quarter results after market hours on Monday, 14 November 2011.
The stock had underperformed the market over the past one month till 15 November 2011, declining 4.81% compared with the Sensex's 1.17% decline. The scrip had, however, outperformed the market in past one quarter, surging 13.32% as against 0.26% gain in the Sensex.
The large-cap diversified company has equity capital of Rs 425.29 crore. Face value per share is Rs 2.
Jaiprakash Associates' net profit rose 11% to Rs 128.65 crore on 2% growth in net sales to Rs 3132.41 crore in Q2 September 2011 over Q2 September 2010. A sharp surge in other income and decline in tax rate to 42% from 60% boosted bottom line. The core operating profit margin declined 80 basis points to 23.9%, mainly due to increase in employee costs.
Jaiprakash Associates is an engineering and construction firm, which also has interests in hospitality and power sectors besides cement.