 "Ess Dee Aluminium hits 52-week low; stock tanks 8%")
Ess Dee Aluminium has tanked nearly 8% to Rs 434, extending its past four day’s fall, after reporting a disappointing set of numbers for the quarter ended June 2014 (Q1FY15).
The stock opened at Rs 472 and plunged nearly 20% at Rs 379, also its 52-week low on National Stock Exchange (NSE). A combined 128,942 shares changed hands on the counter till noon deals on NSE and BSE.
The consolidated net profit of the company had declined sharply by 69% year-on-year at Rs 5.55 crore for Q1FY15 against Rs 18 crore in the corresponding quarter of previous fiscal.
In past five trading sessions the stock has fallen 14% from Rs 504 on August 18 compared to 1% gain in the benchmark CNX Nifty. The stock almost halved from its 52-week high of Rs 767 touched in February this year.
The stock opened at Rs 472 and plunged nearly 20% at Rs 379, also its 52-week low on National Stock Exchange (NSE). A combined 128,942 shares changed hands on the counter till noon deals on NSE and BSE.
The consolidated net profit of the company had declined sharply by 69% year-on-year at Rs 5.55 crore for Q1FY15 against Rs 18 crore in the corresponding quarter of previous fiscal.
In past five trading sessions the stock has fallen 14% from Rs 504 on August 18 compared to 1% gain in the benchmark CNX Nifty. The stock almost halved from its 52-week high of Rs 767 touched in February this year.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%