Meanwhile, the BSE Sensex was down 109.47 points, or 0.40%, to 27,092.02.

On BSE, so far 78.77 lakh shares were traded in the counter, compared with average daily volume of 68.16 lakh shares in the past one quarter. The stock hit a high of Rs 12.08 and a low of Rs 11.24 so far during the day. The stock hit a 52-week high of Rs 14.90 on 16 October 2015. The stock hit a record low of Rs 5.30 on 2 June 2016. The stock had outperformed the market over the past 30 days till 7 July 2016, rising 116.55% compared with 0.67% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 50.88% as against Sensex's 10.24% rise.

The small-cap company has an equity capital of Rs 486.49 crore. Face value per share is Rs 2.

Shares of Jaiprakash Associates (JAL) surged 40.16% in the preceding three trading sessions to end at Rs 12.04 on BSE yesterday, 7 July 2016, from its close of Rs 8.59 on 1 July 2016. A major portion of the rally materialized on 5 July 2016 when the stock rose a staggering 27.97% in a single trading session after the company's announcement of a deal for divestment of some its cement plants spread across five states in favour of UltraTech Cement (UTCL) for enterprise value of Rs 16189 crore. The announcement was made after market hours on 4 July 2016. The transaction will help JAL reduce its bloated debt and deleverage its balance sheet.

Jaiprakash Associates reported net loss of Rs 1387.30 crore in Q4 March 2016, higher than net loss of Rs 858.07 crore in Q4 March 2015. Net sales declined 25.69% to Rs 1893.94 crore in Q4 March 2016 over Q4 March 2015.

Jaiprakash Associates is the flagship company of the Jaypee group and is engaged in engineering and construction, cement, real estate and hospitality businesses.