Jaypee, Reliance Group stocks in focus amid UP results

  • PTI, Mumbai
  • |
  • Updated: Mar 06, 2012 12:47 IST
  • Baton charge

    Police baton charge the crowd outside a counting centre for assembly elections, in Badaun after an incident of disturbance. PTI Photo

  • BSP office

    A view of deserted Bahujan Samaj Party office after the party lost power to Samajwadi Party in UP assembly elections, in Lucknow.

  • Parkash Singh Badal

    Punjab chief minister and Shiromani Akali Dal leader Parkash Singh Badal greets supporters after his party's win in Punjab assembly polls, in Bathinda. AP Photo/Prabhjot ...

  • Congress HQ in New Delhi

    A view of the Congress party headquarters lawn in New Delhi following the assembly elections results. PTI Photo by Subhav Shukla

  • Congress supporters

    Congress supporters celebrate party's victory in the assembly elections 2012 and absolute majority in Imphal, Manipur. PTI Photo

  • Amarinder Singh

    Punjab Congress chief Capt. Amarinder Singh with party leaders addressing the media after their defeat in the assembly elections. PTI Photo

  • Supporters

    Supporters of BJP candidate Harbansh Kapoor celebrate after his win in the assembly elections in Dehradun. PTI Photo

  • Shiromani Akali Dal

    Supporters of the Shiromani Akali Dal and Bharatiya Janata Party alliance celebrate after the announcement of results in their favour outside the counting centre in ...

  • Rahul Gandhi

    Congress general secretary Rahul Gandhi speaks to the media in New Delhi. AP Photo/Pankaj Nangia

  • BJP supporters celebrate

    BJP supporters celebrate SAD-BJP alliance's success in the Punjab assembly elections, in Amritsar. PTI/Deepak Sharma

Shares of the companies with significant business presence in Uttar Pradesh were in focus in the morning trade on the bourses on Tuesday, as investors tracked state election results.

Jaiprakash group companies -- Jaiprakash Associates, Jaiprakash Power Ventures and Jaypee Infratech -- showed mixed trend in a volatile stock market, which opened weak but turned green as results poured in.

Jaiprakash Associates was up 0.43% at Rs 70.65, while Jaiprakash Power Ventures fell by 1.45% to quote at Rs 40.65 on the BSE.

The group's another listed company Jaypee Infratech jumped 1.26% to Rs 44.30.

Market experts said that Jaypee group has emerged as a major player in the state during the past few years and any regime change could affect its business in the near term.

On the other hand, shares of Anil Ambani-led Reliance Group companies, Reliance Power and Reliance Infrastructure, were trading with losses.

Shares of Reliance Infra went down by 0.29% at Rs 654.25, while Reliance Power lost 1.59% to Rs 133.20 in the morning trade.

In the broader market, the BSE barometer Sensex was trading over 111 points up at 17,477.92 at 1028 hours.

Samajwadi Party was way ahead of others in Uttar Pradesh leading in 141 seats, while BJP sprang a surprise as it was leading in 65 constituencies in the 403 member Assembly.

Ruling BSP was left way behind, leading only in 62 seats while Congress-RLD combine managed to lead only in 42 constituencies.

As per the trends available for 323 seats, at 10am, SP was leading in 141 seats.

Counting is underway for elections results in five states -- Uttar Pradesh, Uttarakhand, Punjab, Goa and Manipur.

 

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