JP Associates extends fall on earnings concerns

Shares in cement maker Jaiprakash Associates were down 2.6 percent, extending their fall from a 2.4 percent decline during the short Diwali session on Tuesday. Stock markets were closed on Wednesday. Jaiprakash reported late on Monday July-September net profit slumped 48.6 percent from a year ago, disappointing investors. Morgan Stanley says Jaiprakash's cement operations proved sturdy, but attributes the profit decline to we...