/ Jaiprakash Associates In The Limelight Today ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 4 January 2017

Construction and Engineering business firm, mid-cap company, Jaiprakash Associates Ltd., is trading up by 10% today. Open Interest additions or long built up is being seen in the stock. Open Interest has increased by 7.21%. Before the demonetisation move, the stock was trading in the range of Rs 10 to 12. It has been seen that the stock had tumbled to Rs 7 after November 8, 2016.

Demonetisation has badly affected the construction industry, as cash forms a major component in most transactions in the sector. The company’s key product or revenue segment is Cement. Revenue of JP Associates has been decreasing from the last four quarters. The company has suffered losses in the last four quarters. RoE is also in negative numbers.

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