The stock dipped further to a low of Rs 19.50 - down 7% from the day's high. It finally ended with a 5% loss at Rs 19.75. Over 7.41 million shares were traded on the BSE today.
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(Updated at 1028 hrs)
Ispat Industries has slipped around 3% owing to a widening loss.
The stock opened at Rs 21 and touched a low of Rs 20. The scrip is now trading at Rs 20, down 2.5% from the previous close. The counter has clocked volumes of 1.08 million shares as compared to the two-week daily average traded volumes of 9.70 million shares on the BSE.
The company has posted a net loss of Rs 79.4 crore for the quarter ended September 30, 2009 as compared to net loss of Rs 26.7 crore for the quarter ended September 30, 2008.
Total Income has decreased 36% to Rs 2,047.96 crore as compared to Rs 3,223.19 crore for the quarter ended September 30, 2008.
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