JP Associates jumps 14% after Rakesh Jhunjhunwala buys stake
The stock has been on a rising spree and has shot up around 58 per cent this week.
By ETMarkets.com | Updated:
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NEW DELHI: JP Associates jumped 14 per cent in early trade on Friday after Rakesh Jhunjhunwala's Rare Enterprises bought 3 crore shares in Jaiprakash Associates at Rs 18.37 per share amounting to nearly Rs 55 crore, as per bulk deal data uploaded on Thursday by NSE.
The stock has been on a rising spree and has shot up around 58 per cent this week.
The company's standalone net loss narrowed to Rs 148.10 crore in the third quarter of current fiscal on lower finance cost and other expenses. Total income (income from operations and other income) declined to Rs 1,139.21 crore during October-December period of this fiscal from Rs 1,648.87 crore in the corresponding period of the previous fiscal.
The scrip closed the day 9.14 per cent up at Rs 20.90 on BSE.
The stock has been on a rising spree and has shot up around 58 per cent this week.
The company's standalone net loss narrowed to Rs 148.10 crore in the third quarter of current fiscal on lower finance cost and other expenses. Total income (income from operations and other income) declined to Rs 1,139.21 crore during October-December period of this fiscal from Rs 1,648.87 crore in the corresponding period of the previous fiscal.
The scrip closed the day 9.14 per cent up at Rs 20.90 on BSE.
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