Ballarpur Industries dropped 1.27% to Rs 15.50 at 14:45 Ist on BSE after the company reported consolidated net loss of Rs 452.03 crore in Q2 September 2016 compared with net loss of Rs 18.06 crore in Q2 September 2015.
The result was announced before market hours today, 6 December 2016.Meanwhile, the S&P BSE Sensex was up 113.29 points or 0.51% at 26,486.08.
On the BSE, 2.78 lakh shares were traded on the counter so far as against average daily volume of 5.84 lakh shares in the past one quarter. The stock had hit a high of Rs 16.05 and a low of Rs 15.10 so far during the day.
The small-cap company has an equity capital of Rs 131.10 crore. Face value per share is Rs 2.
Ballarpur Industries' net total income from operations fell 56.56% to Rs 461.76 crore in Q2 September 2016 over Q2 September 2015.
The Ballarpur Group is the largest manufacturer of writing and printing paper in India.
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