Jaiprakash Associates jumps to near 6-mth high on divestment approval

Jaiprakash Associates

10/10/2022 05:05

** Shares of Jaiprakash Associates  JAIA.NS  rise as much as
9.4% to 11.65 rupees, highest April 13
    ** Infrastructure company says it will divest its cement
business  urn:newsml:reuters.com:*:nFWN31817J
    ** Over 28.4 mln shares traded by 0400 GMT vs 30-day avg of
~19.5 mln shares
    ** Stock up 7% so far this year up to last close
 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))