• BSE
  • NSE
    • {{d.cmpname}}
    • {{d.price}}
    • ({{d.PerChg}}%)
Equity | News | Hot Pursuit
Hot Pursuit
Jaypee Infratech spurts after Yes Bank approaches NCLT
(15:05, 03 Dec 2019)

A petition is under filing by Yes Bank under section 7 of the Insolvency and Bankruptcy Code, 2016 before National Company Law Tribunal (NCLT), Allahabad to initiate Corporate Insolvency Resolution Process against Jaypee Healthcare (a subsidiary of Jaypee Infratech), the company said in a filing to the exchange on Monday.

According to media reports, Yes Bank has made claims worth Rs 189.4 crore against Jaypee Infratech.

Jaypee Infratech, a subsidiary of crisis-hit Jaiprakash Associates, went into insolvency process in August 2017 after NCLT admitted an application by an IDBI Bank-led consortium. Anuj Jain was appointed as an interim resolution professional to conduct insolvency process and also manage the affairs of the company.

On 6 November, the Supreme Court directed completion of Jaypee Infratech's insolvency process within 90 days.

Shares of Jaypee Infratech jumped 14.92% in three trading sessions to its current market price of Rs 1.54 from its recent closing low of Rs 1.34 on Thursday, 28 November 2019.

Meanwhile, the S&P BSE Sensex was down 182 points or 0.45% to 40,620.30.

On the technical front, the stock's RSI (relative strength index) stood at 63.676. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.

The stock was currently trading above its 50-day moving average (DMA) placed at Rs 1.25, but still below its 200 DMA placed at Rs 1.81.

On a consolidated basis, Jaypee Infratech reported a net loss of Rs 434.52 crore in Q2 September 2019 as compared to a net loss of Rs 368.16 crore in Q2 September 2018. Net sales rose 77% to Rs 521.43 crore in Q2 September 2019 over Q2 September 2018.

Jaypee Infratech (JIL) is engaged in the real estate development. The firm's business segments include Yamuna Expressway project and healthcare.

Powered by Capital Market - Live News

DB (International) Stock Brokers Limited: SEBI Reg. No.-INZ000179035 / CDSL : IN-DP-CDSL-266-2004 MCX-SX:INE 260643233/21500(CD)
Daga Commodities Private Limited: SEBI Reg. No. INZ000028833
Investor Grievances Email ID: compliance@dbonline.in & investors@dbonline.in
Copyright © 2016 All rights Reserved DB (International) Stock Brokers Ltd.     Designed, Developed and content powered by C-MOTS Infotech( ISO 9001:2015 certified )
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."         "Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day......................issued in the interest of investors."          "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
Attention Investors ::
subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries