Jaypee Infratech leads losers
By
Research Desk
about 10 years ago
Jaypee Infratech is currently the top loser on the BSE, down 9.4% at Rs.33.50, with an intra day low of Rs.31.90. Today the stock is streaked in red while yesterday, it had hit a new 52-week high at Rs,42.
The stock has slumped into the red following its disappointing performance for Q4FY14. On a 20% (YoY) drop in net sales at Rs.765 crore, the company posted a whopping 91% fall in net profit at Rs.13 crore. And the picture did not look pretty for FY14 too with net profit falling 57% at Rs.299 crore though sales rose by a marginal 1.3% at Rs.3319 crore.