Jp associates share news

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Shares of Jaiprakash Associates Ltd extended their fall for the fifth consecutive session in Thursday's trade. The stock tanked 5 per cent to hit its lower circuit limit of Rs At this price, it has slumped The crisis-hit Jaypee Group's flagship firm has recently executed a non-binding term sheet for restructuring of bonds. JP Associates has posted a consolidated net loss of Rs Its net loss stood at Rs

Jp associates share news

Try Now. Following a steep rally for the first two months of and for the better part of the past one year, Jaiprakash Associates shares have come under pressure. Trading at under Rs 20 per share, you could imagine the excitement around investing in the stock at dirt cheap value. A lot of retail investors who punted on the stock for a quick turnaround in have been proven wrong Let's find out why Jaiprakash Associates share price is falling and whether the downtrend will continue. This is not the first time the company is being dragged to the NCLT. Last year in November, the company announced the deal to transfer about million shares worth Rs 3. Now, bankers are concerned that going by its past track record, the actual amount of recovery from NCLT would not be very encouraging. Last month, the company posted a consolidated net loss of Rs 4. Swelling losses have remained a concern in recent years, leading to ongoing delays in debt servicing. The company was one of the leading cement companies in the country, with an installed capacity of However, mounting debt levels and low liquidity couldn't help the company grow its cement business. The company restructured its debt in due to high debt levels. Despite the restructuring, there has been a delay in servicing its debt due to low liquidity.

A daily close below support of Rs Corporate Action.

Share Holding. All News Announcement Recos. Jaiprakash Associates is the original promoter of Jaypee Infratech, which entered into insolvency resolution process in In the last hearing on February 19, YEIDA had submitted that the proposal received from Suraksha group has been placed before the Uttar Pradesh Government and the same is under consideration. However, during the proceedings held on Wednesday, YEIDA's counsel informed that the proposal submitted by SRA successful Resolution Applicant Suraksha group is still under consideration by the State Government and no final decision has yet been taken. Realisations were higher sequentially as the cement maker front loaded price hikes. The consequences are manifest in valuations that are considered stretched, if one is charitable, and downright unrealistic, if one is even remotely practical.

Shares of Jaiprakash Associates Ltd JP Associates climbed 10 per cent in Thursday's trade to take its winning run to fifth trading session. In the process, the scrip has soared 53 per cent in the five-day period. As per the report, the two parties indicated that they were engaged in negotiations for a loan restructuring proposal, the details of which were being formalised. It would soon be presented to the lenders, the report suggested. This, the report suggested, involved selling the loan account to NARCL and, in return, receiving certain security receipts and a promise of eventual recovery. Earlier, the stock was in news amid reports that the Adani Group was in talks with the company for acquiring a cement plant, to which JP Associates later called the news factually incorrect. On October 31, Jaiprakash Associates told stock exchanges that its board of directors will meet on November 11 to consider and approve un-audited standalone and consolidated financial results of the company for the quarter and half year ended 30th September, Clear all. Powered by.

Jp associates share news

Shares of Jaiprakash Associates Ltd rose sharply in Tuesday's trade, extending their sharp gains for the third straight session. The stock surged 9. The scrip has given multibagger returns in the past six months by rallying more than per cent. The crisis-hit Jaypee Group's flagship firm, in a recent BSE filing, said, "The total borrowing including interest of the company is Rs 29, crore, repayable by , against which only Rs 4, crore is overdue as on November 20, Out of the said borrowing of Rs 29, crore, Rs 18, crore will get further reduced on transfer to the proposed Special Purpose Vehicle SPV for which the scheme of arrangement duly approved by all the stakeholders, is pending sanction of NCLT. The entire loan is in any case under restructuring. Post the proposed divestment of cement business and the restructuring under consideration, the borrowing will get almost to nil upon implementation of revised restructuring plan, it added. On technical setup, support on the counter could be seen at Rs On the higher side, resistance may be found around Rs An analyst suggested booking profits at currrent levels.

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While approving the resolution plan, NCLT ordered setting up of the Implementation and Monitoring Committee IMC for giving effect to the resolution plan and payments to financial creditors accordingly. As on , the company has a total of Contact jal. Posted by : U Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. A daily close below support of Rs Readers are encouraged to consult with a qualified financial advisor before making any investment decisions. Net Sales Rs. In the meantime, you may want to share this article with your friends! The Company or anyone involved with the Company will not accept any liability for loss or damage as a result of reliance on the Estimates data. Join Our WhatsApp Channel. The FII holding has increased from the last quarter. He has followed the stock markets right from his early college days.

Stock with medium financial performance with average price momentum and val. The Estimates data displayed by Moneycontrol is not a recommendation to buy or sell any securities.

Jaiprakash Associates share price Sector: Construction Services. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. Stock Watch. The infrastructure segment includes expressways. More Menu. Today's High. Please select a Day. The company is currently in the process of selling its cement, clinker and power plants having aggregate cement capacity of 9. Economy Corporate Markets. The company is engaged in the business of integrated engineering construction and operates at the locations of their clients and uses electric energy for implementation of various projects undertaken by them. For reprint rights: Syndications Today. You are just one step away from creating your watchlist!