Return Check
A 100,000-rupee investment in Jaiprakash Associates Ltd. A year ago would have grown to around 194,371 rupees today.
JP Associates, lenders breathe easy after deal; should you buy
Shares of the debt-ridden Jaiprakash AssociatesBSE 1.90 % more than doubled investor wealth in last one year. The scrip has surged 190 per cent to Rs 22.70 as of June 29 from Rs 7.83 on the same day last year.
The jump in share price indicates that an investment of Rs 1,00,000 a year back would have now become nearly Rs 2,90,000.
However, market experts say there was a lot of speculative trading on the counter.
Jaiprakash Associates (JAL) is once again hogging limelight after UltraTech CementBSE -0.28 % completed the Rs 16,189 crore acquisition of the company’s six integrated cement plants and five grinding units, having a capacity of 21.2 million tonnes.
Market experts say the country’s biggest asset resolution may give some respite to banks and Jaypee Group stocks. The deal will help the Jaypee Group to reduce debt, which runs into thousands of crores of rupees.
Courtesy: See More @ http://bit.ly/2sxgmT6
JP Associates, lenders breathe easy after deal; should you buy
Shares of the debt-ridden Jaiprakash AssociatesBSE 1.90 % more than doubled investor wealth in last one year. The scrip has surged 190 per cent to Rs 22.70 as of June 29 from Rs 7.83 on the same day last year.
The jump in share price indicates that an investment of Rs 1,00,000 a year back would have now become nearly Rs 2,90,000.
However, market experts say there was a lot of speculative trading on the counter.
Jaiprakash Associates (JAL) is once again hogging limelight after UltraTech CementBSE -0.28 % completed the Rs 16,189 crore acquisition of the company’s six integrated cement plants and five grinding units, having a capacity of 21.2 million tonnes.
Market experts say the country’s biggest asset resolution may give some respite to banks and Jaypee Group stocks. The deal will help the Jaypee Group to reduce debt, which runs into thousands of crores of rupees.
Courtesy: See More @ http://bit.ly/2sxgmT6
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