Jp Associates

• 

  JP Associates Q2 Net Loss Widens To Rs 781 Crore

  Total income from operations of JP Associates declined by about 44 per cent to Rs 1,419.86 crore in the reported quarter from Rs 2,540.8 crore a year ago.

• 

  Supreme Court Directs Jaiprakash Associates To Deposit Rs 200 Crore By May 10

  The money will be used to make refunds to the buyers who have sought refund for their investments in a project Jaypee Wish Town in Greater Noida.

• Jaiprakash Associates Falls Most in 5-1/2 Years

  Jaiprakash clarifies in a statement that one of its promoters reduced its stake in the company to 28.30 per cent from 29.75 per cent.

• Buy JP Associates, Adani Enterprises: Sanjeev Bhasin

  Weakness in oil and gold prices and resolution of Ukraine/Russia stand-off will improve sentiment globally.

• JP Associates Falls Over 20% in 2 Days. Should You Buy Now?

  Maybank in a note today said, although there is some cash crunch with JP Associates, but market seems to have more than priced such concerns. Maybank says there is deep value in JP Associates and has recommended a buy on the stock with a target price of Rs 93 per share.

• 

  JP Associates Crashes 33% in 4 Days, Loses Rs 3,300 Crore M-Cap

  Amid speculation that promoters are reducing their stakes, Jaiprakash Associates yesterday clarified that one of its promoters (Jaypee Infra Ventures) sold 3.53 crore shares between September 1 to September 3. Its stake has now come down from 29.75 per cent to 28.30 per cent. The promoters as of June-2014 had no pledged shares and own 45 per cent s...

• JP Associates Recovers 5% After Falling Over 30% in Four Days

  JP Associates had a debt of over Rs 60,000 crore as of June 30, 2014. Servicing the debt has become a challenging task for the company. JP Associates has an interest coverage ratio of below 1. This indicates that the company is not able to service its debt with the cash it generates from its business.

• JP Associates Falls; Goldman Sachs Downgrades

  Goldman Sachs downgrades the stock to "neutral" from "buy" and removes from Asia Pacific buy list, citing uncertainty after one of its promoters sold 1.45 per cent stake.

• Jaiprakash Power Asked to Expedite Karcham Wangtoo Plant Tariff Petition

  The Central Electricity Regulatory Commission (CERC) has asked Jaiprakash Power Ventures Ltd to expedite the filing of tariff petition for its 1,000 MW Karcham Wangtoo hydroelectric project.

• JP Associates, JP Power Soar on New Deal with JSW Energy

  JPVL has signed a binding memorandum of understanding (MoU) with Sajjan Jindal controlled JSW Energy to sell three of its operating power plants with an aggregate capacity of 1,891 MW.

• 

  JP Associate Shares Surge 19% After Posting Profit In June Quarter

  Including today's gains, Investor's wealth have grown by 275 per cent in JP Associate shares this year so far.

• JP Associates Falls 7% As Q1 Loss Widens

  JP Associates reported a net loss of Rs 80.6 crore as against estimates (NDTV analyst poll) of Rs 32 crore loss. Its sales declined 9 per cent year-on-year (y-o-y) to Rs 2,994 crore as against estimates of Rs 3,416 crore.

• Shree Cement to Acquire Jaypee Cement Unit for Rs 360 Crore

  Jaiprakash Associates on Monday said it will sell its cement grinding unit at Panipat to Shree Cement Ltd for Rs 360 crore.

• Infrastructure Shares Surge as BJP Set to Win Big

  In the CNX Infrastructure index IRB Infra has gained 31.29 per cent in last one month, which is the maximum in that index followed by BHEL & Adani port which gains 19.62 per cent and 17.46 per cent respectively.

• 

  Buy Tata Motors, PSU banks, avoid Reliance, Bharti: Shankar Sharma

  Sharma is bullish in his outlook and believes that markets will end the year with gains.