Published on 14/11/2017 2:35:13 PM | Source: Dion Global Solutions Ltd.

JP Associates plunges 14% on Supreme Court order

Shares of Jaiprakash Associates tumbled over 14 per cent on the Bombay Stock Exchange after the Supreme Court directed its non-institutional directors to appear in person before it next week and furnish details of their personal assets, Economic Times reported. Reacting to the news, shares of the company declined as much as 14.31 per cent to touch an intra-day low of Rs 18.25 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the firm were trading 5.87 per cent lower at Rs 20.05 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 32,942.76, down 90.80 points, or 0.28 per cent, at 12:00 hours.