Jaiprakash Associates tanks 14% on BSE

Shares of Jaiprakash Associates on Friday plummeted 14 per cent to hit its year-low in the morning trade at the Bombay Stock Exchange, on the back of profit taking amid the ongoing housing-finance loan scam .

The infrastructure major tumbled 13.91 per cent to touch its 52-weeks low of Rs 99 on the BSE, thus becoming the top loser among the blue-chip stocks.

On similar lines, the scrip was trading 13.35 per cent down at Rs 101.15 on the National Stock Exchange.

In terms of volume, over 84 lakh shares of the company were traded on the two stock exchanges.

Stocks of other companies including LIC Housing Finance, DLF, Suzlon Energy, which are also under the Central Bureau of Investigation lens, were trading under pressure and lost 6.58 per cent, 4.22 per cent and 4.91 per cent, respectively.

Besides, among the realty scrips, Unitech was down 6.83 per cent, while at banking front Bank of India lost 3.38 per cent, Canara Bank 4.60 per cent, Punjab National Bank 2.85 per cent and HDFC Bank 0.52 per cent.

The BSE Sensex was also quoting weak at 19,233.19 level, down by 84.97 points from previous close.