JP Associates, Jubilant Life Gain Up To 15% As Rakesh Jhunjhunwala Buys Stake In Cos

 

Shares of Jaiprakash Associates and Jubilant Life Sciences rose 15 percent and 3 percent respectively in the early trade on Friday after the Ace investor Rakesh Jhunjhunwala has bought stake in the companies.

According to the Jaiprakash Associates' shareholding pattern for the quarter ended June 2017, Rakesh Jhunjhunwala has bought 1.03 percent stake in the company during April-June quarter.

In the last 3-month the Jaiprakash Associates' share price rose nearly 83 percent, while in the last 6-month the share surged by 133 percent.

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