Meanwhile, the BSE Sensex was up 144.94 points, or 0.51%, to 28,300.50.

On the BSE, so far 1.09 crore shares were traded in the counter, compared with average daily volumes of 50.05 lakh shares in the past one quarter. The stock had hit a high of Rs 13.32 and a low of Rs 12.22 so far during the day.

The stock hit a 52-week high of Rs 14.53 on 9 February 2017. The stock hit a record low of Rs 5.30 on 2 June 2016.

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

Shares of Jaiprakash Associates fell 14.08% in four trading sessions to settle at Rs 12.08 yesterday, 15 February 2017, from its close of Rs 14.06 on 9 February 2017.

The recent slide was triggered by the company's dismal Q3 results announced after market hours on Friday, 10 February 2017.

Jaiprakash Associates reported net loss of Rs 1095.02 crore in Q3 December 2016 as against net loss of Rs 827.26 crore in Q3 December 2015. Net sales declined 22.98% to Rs 1512.91 crore in Q3 December 2016 over Q3 December 2015.

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