Coal India hits record low after weak Q1 results

Coal India fell 1.77% to Rs 250.05 at 9:21 IST on BSE after consolidated net profit fell 16.51% to Rs 3731.04 crore on 0.64% rise in total income to Rs 18692.03 crore in Q1 June 2013 over Q1 June 2012.

The result was announced on Saturday, 3 August 2013.

Meanwhile, the S&P BSE Sensex was down 7.62 points, or 0.04%, to 19,156.40.

On BSE, 34,000 shares were traded in the counter as against an average daily volume of 2.69 lakh shares in the past one quarter.

The stock hit a low of Rs 248 so far during the day, which is also a record low for the counter. The stock hit a high of Rs 251.55 so far during the day. The stock had hit a 52-week high of Rs 386 on 17 September 2012.

The stock had underperformed the market over the past one month till 2 August 2013, sliding 15.11% compared with the Sensex's 1.54% fall. The scrip had also underperformed the market in past one quarter, falling 19.71% as against Sensex's 2.90% fall.

The large-cap company has an equity capital of Rs 6316.36 crore. Face value per share is Rs 10.

Coal India is the largest coal producer in the world.

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