Trending stocks: Jaiprakash Associates shares slip nearly 5%

NEW DELHI: Shares of Jaiprakash Associates Ltd. traded 4.85 per cent down in Monday's trade at 11:13AM (IST). Around 760,863 shares changed hands on the counter.

The counter opened at Rs 3.14 and touched an intraday high and low of Rs 3.14 and Rs 3.14, respectively, in the session so far. Shares of the company of Jaiprakash Associates Ltd. quoted a 52-week high of Rs 3.64 and a 52-week low of Rs 1.05.

Total market cap of the Jaiprakash Associates Ltd. stood at Rs 763.79 crore at the time of writing this report.


Debt-ridden Jaiprakash Associates on Saturday informed that its MD (Cement) Sunny Gaur has resigned from the company.


Key Financials
The company reported consolidated sales of Rs 1876.03 crore for the quarter ended 31-Mar-2020, down 9.73 per cent from previous quarter's Rs 2078.24 crore and down 32.47 per cent from the year-ago quarter's Rs 2778.1 crore.

Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 0.02 per cent stake in the company, while foreign institutional investors held 4.26 per cent and the promoters 38.61 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 0.7 and a price-to-book ratio of 0.35. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Jaiprakash Associates Ltd. belongs to the Diversified industry.