 "HIL plunges on weak Q2 results")
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HIL has plunged 14% to Rs 615 on the NSE after reporting a net loss of Rs 21 lakh for the quarter ended September 30, 2015 (Q2), due to lower operational and other income. The cement & cement products maker had posted a net profit Rs 14.26 crore in the same quarter year ago.
Net sales of the company during the quarter under review declined 3.9% at Rs 219 crore against Rs 228 crore in the corresponding quarter of previous fiscal. Other income too fallen from Rs 9.38 crore to Rs 2.29 crore.
The stock hit a high of Rs 724 on the NSE in early morning trade before announcements of Q2 results. A combined 124,177 shares changed hands on the counter on the BSE and NSE.
At 01:58 pm, the stock was down 12.5% at Rs 619 on the NSE.
Net sales of the company during the quarter under review declined 3.9% at Rs 219 crore against Rs 228 crore in the corresponding quarter of previous fiscal. Other income too fallen from Rs 9.38 crore to Rs 2.29 crore.
The stock hit a high of Rs 724 on the NSE in early morning trade before announcements of Q2 results. A combined 124,177 shares changed hands on the counter on the BSE and NSE.
At 01:58 pm, the stock was down 12.5% at Rs 619 on the NSE.
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