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This is an archive article published on March 5, 2012

Jaypee stocks dip on UP exit polls report

SP coming in power is a big negative for Jaypee group as it has close links with BSP,dealers say.

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Shares in Jaypee group companies Jaiprakash Associates and Jaiprakash Power Ventures fell after voter surveys indicated that the Samajwadi Party SP is likely to get the largest number of seats in state elections in Uttar Pradesh,two dealers said.

The results of the elections will be known on Tuesday.

SP coming in power is a big negative for Jaypee group8217;s ongoing projects,said an institutional dealer at a domestic brokerage,noting the group8217;s close links to the ruling Bahujan Samaj Party.

At 11:08 a.m,shares of Jaiprakash Associates were down 4.70 percent at 70.95 rupees while those of Jaiprakash Power were down 3.44 percent at 42.15 rupees.

Stocks More on Jaiprakash Associates

Company INFO More on Jaiprakash Power

 

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