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Thursday, 15 June 2017

Jaiprakash Associates Limited has been buzzing on the bourses on the back of many developments around the company. The deal between the company and Ultratech Cement is likely to be closed by the end of June. The valuation of the deal is fixed at Rs 16,189 crore, reported a leading national business daily.

The stock is trading higher by more than 3.5% at around Rs 14.07 per share on Thursday. The stock has gained over 14% in the past five trading session. The stock is trading at around 0.26 times of its book value.

Jaiprakash Associates Limited is a diversified infrastructure company. The company's principal business activities include engineering, construction and real estate development, and manufacture of cement.

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