 "Jindal Steel drops on reporting loss in Q1")
Despite sales volume growth of 39% in the quarter under review, income from operations for the quarter declined after net sales realisations were lower on imports from China, Korea and other countries, the company said in a release.
Income from operations declined 3.3% to Rs 4,715 crore during the April-June 2015 compared with Rs 4,876 crore for the same quarter last fiscal.
The stock opened at Rs 76.50 and touched a low of Rs 72.30. At 11:10AM, over 5.3 million shares were traded on both the stock exchanges.
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