Jaiprakash Associates' scrip hits year-low; tanks 14% on BSE
Share of Jaiprakash Associates today plummeted by 14 per cent to hit its year-low in the morning trade at the Bombay Stock Exchange, on the back of profit taking amid the ongoing housing-finance loan scam.business Updated: Nov 26, 2010 10:44 IST
Share of Jaiprakash Associates on Friday plummeted by 14 per cent to hit its year-low in the morning trade at the Bombay Stock Exchange, on the back of profit taking amid the ongoing housing-finance loan scam.
Infrastructure major Jaiprakash tumbled by 13.91 per cent to touch its 52-weeks low of Rs 99 on BSE, thus becoming the top loser among the blue-chip stocks.
On similar lines, the scrip was trading 13.35 per cent down at Rs 101.15 on the National Stock Exchange.
In terms of volume, over 84 lakh shares of the company were traded on the two stock exchanges.
Stocks of other companies including LIC Housing Finance, DLF, Suzlon Energy, which are also under the CBI lens, were trading under pressure and lost 6.58 per cent, 4.22 per cent and 4.91 per cent, respectively.
Besides, among the realty scrips, Unitech was down by 6.83 per cent, while at banking front Bank of India lost 3.38 per cent, Canara Bank 4.60 per cent, Punjab National Bank 2.85 per cent and HDFC Bank 0.52 per cent.
The BSE Sensex was also quoting weak at 19,233.19 level, down by 84.97 points from previous close.