Meanwhile, the BSE Sensex was down 97.66 points, or 1.09%, to 8845.63.

On BSE, 11.43 lakh shares were traded in the counter. The scrip had an average daily volume of 1.70 lakh shares in the past one quarter.

The stock hit a high of Rs 88.50 and a low of Rs 75.75 so far during the day. The stock had a 52-week high of Rs 741.05 on 13 May 2008 and a 52-week low of Rs 59.20 on 27 January 2009.

The stock had outperformed the market over the past one month till 16 March 2009, falling 1.36% as compared to the Sensex's 3.89% decline. It had, however, underperformed the market in the past one quarter, tumbling 26.09% as compared to the Sensex's fall of 10.36%.

The mid-cap firm has an equity capital of Rs 17.85 crore. Face value per share is Rs 1.

The current price of Rs 83 discounts the company's Q3 December 2008 annualized EPS of Rs 3.33, by a PE multiple of 24.92.

A block deal of 8.90 lakh shares on NSE was struck at Rs 81.65 per shares. Another block deal of 8.90 lakhs shares on BSE was struck at Rs 83.90 a share.

Jai Corp's net profit declined 61.7% to Rs 14.87 crore on 10.1% fall in net sales to Rs 81.59 crore in Q3 December 2008 over Q3 December 2007.

Jai Corporation manufactures galvanized plain and corrugated steel sheets and polypropylene and polyethylene fabrics and sacks.