Jaiprakash Power Ventures reported a rise of 35.05% in the net profit for the quarter ended December 2010. During the quarter, the profit of the company rose to Rs 227.70 million from Rs 168.60 million in the same quarter previous year.
Meanwhile, the net sales for the quarter rose 52.31% to Rs 1,813 million, when compared with the prior year period.
The stock had outperformed the market over the past one month till Jan. 14, 2011, falling 2.42% compared with the Sensex`s 4.74% decline. It underperformed the market in past one quarter, declining 23.91% as against 7.99% fall in the Sensex.
Meanwhile, the net sales for the quarter rose 52.31% to Rs 1,813 million, when compared with the prior year period. The stock had outperformed the market over the past one month till Jan. 14, 2011, falling 2.42% compared with the Sensex`s 4.74% decline. It underperformed the market in past one quarter, declining 23.91% as against 7.99% fall in the Sensex.
Shares of the company declined Rs 0.1, or 0.2%, to trade at Rs 50.35. The total volume of shares traded was 125,739 at the BSE (11.09 a.m., Monday).
Jaiprakash Power Ventures Limited (Q,N,C,F)*
