Jaiprakash Associates Limited: Shares of Jaiprakash Associates Limited, the flagship company of the troubled Jaypee Group, closed with a rise on Friday. The company’s shares had risen 5.4% to Rs 15.57 in the last trading day. However, this year the shares of Jaiprakash Associates have seen a continuous decline. The company’s shares have fallen 25% in the last one month and 15% in six months. At the same time, this share has fallen by about 27% so far this year. The 52 week high price of Jaiprakash Associates Limited is Rs 27.17 and 52 week low price is Rs 7.15. The market cap of the company is Rs 3,797.26 crore.
115% return in a year
Even though the shares of Jaiprakash Associates Limited are negative in terms of giving returns this year, but if we talk about the figures of last one year, then this share has increased by 115% during this period. A year ago the price of this share was Rs 7 and now it has reached the price of Rs 15.57. This penny stock has given returns of more than 260% in the last five years. During this period, its price has increased from Rs 4 to the current price. However, in the long term the shares of Jaiprakash Associates Limited have fallen by almost 95%. In the year 2008, its price had reached Rs 300.
unpaid loan
Let us tell you that recently news came that Jaiprakash Associates has not paid the loan of Rs 4,616 crore including principal and interest amount. Jaiprakash Associates Limited (JAL) had informed the stock market last month that the company had defaulted in payment of principal amount of Rs 1,751 crore and interest of Rs 2,865 crore on April 30.
Ajay Devgan has 1 lakh shares of this company, the price increased from ₹ 24 to ₹ 885.
how much is due
JAL had said, “The total borrowings (including interest) of the company is Rs 29,805 crore, which is to be repaid by 2037. Of this, Rs 4,616 crore was outstanding till April 30, 2024. This loan has been taken from various banks. According to the company, out of the total borrowing of Rs 29,805 crore, Rs 18,955 crore will be transferred to the proposed special purpose vehicle (SPV).
