On September 12, 2014 11:28 (IST)
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.
On September 08, 2014 15:02 (IST)
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 it...
On September 05, 2014 15:55 (IST)
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 p...
On September 05, 2014 10:45 (IST)
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...
On September 05, 2014 08:43 (IST)
Weakness in oil and gold prices and resolution of Ukraine/Russia stand-off will improve sentiment globally.
On August 26, 2014 09:16 (IST)
The Nifty opened lower on Tuesday.Foreign investors continue to be net buyers of Indian equities but with a reduced momentum. FIIs bought shares worth Rs 127 crore whereas domestic investors were net buyers to the tune of Rs 46 crore on Monday. Nifty...
On August 26, 2014 00:17 (IST)
Jaiprakash Associates on Monday said it will sell its cement grinding unit at Panipat to Shree Cement Ltd for Rs 360 crore.
On August 13, 2014 11:57 (IST)
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.
On May 16, 2014 10:10 (IST)
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.
On March 25, 2014 12:07 (IST)
JP Associates is likely to use the proceeds from the sale to cut its massive debt. Analysts say the company's debt might come down by Rs 800 crore on a consolidated basis (Rs 690 crore from stake sale plus Rs 110 crore debt transferred from parent co...
On March 10, 2014 08:48 (IST)
High beta could see profit booking, while midcap stocks could outperform. For today sell infra, banks & auto & buy financial services, auto OEM (original equipment manufacturer), telecom & metals.
On February 27, 2014 18:16 (IST)
India Index Services & Products Ltd, an NSE-Crisil joint venture that maintains Nifty index, said in a statement today that these changes would become effective from March 28, 2014.
On February 13, 2014 00:26 (IST)
In a big boost to the Indian electronics industry, the Cabinet on Wednesday approved setting up of two semiconductor units entailing investments of Rs 51,550 crore.
On January 13, 2014 11:38 (IST)
The week ahead should see markets react to key inflation data and a host of corporate results from large index heavyweights. Any rally is being sold into as macro numbers continue to exhibit prolonged weakness in the economy.
On January 02, 2014 08:51 (IST)
IT and pharma stocks, which led the rally last year, are still going strong even though they are overbought in the medium term, Mr Srivastava said. Capital goods and realty sectors could be the dark horses this year, he added.
On November 30, 2013 20:57 (IST)
The week ahead should see the markets seek higher levels as after 3 weeks of losses the indices regained momentum. Positive global cues, rupee appreciation and a decline in oil prices improved sentiment and led to a sharp rally with the Nifty gaining...
On November 14, 2013 20:27 (IST)
The company, which has interests in areas like cement, construction and real estate, among others, had posted a net profit of Rs 128 crore in the same quarter last fiscal.
On September 12, 2013 12:08 (IST)
The deal was announced post market hours yesterday. Despite a positive opening, shares of the company went into a tailspin as the trade progressed and lost 8.29 per cent to Rs 39.80 on the BSE. On the NSE, the scrip tumbled 8.29 per cent to Rs 39.80.
On August 24, 2013 20:21 (IST)
The week ahead should see the markets continue to be volatile as we head into an F&O (futures and options) expiry week. The other trend setter would be the rupee which finally staged a late week recovery after almost 8 days of non-stop falls.