Coal India slips after weak Q4 results

Coal India fell 0.59% to Rs 378.10 at 14:24 IST on BSE after consolidated net profit fell 18.10% to Rs 4434.18 crore on 1.23% increase in total income to Rs 22382.35 crore in Q4 March 2014 over Q4 March 2013.

The result was announced during trading hours today, 29 May 2014.

Meanwhile, the BSE Sensex was down 174.21 points, or 0.71%, to 24,381.88.

On BSE, so far 8.88 lakh shares were traded in the counter, compared with an average volume of 4.49 lakh shares in the past one quarter.

The stock hit a high of Rs 383.50 and a low of Rs 373.90 so far during the day. The stock hit a 52-week high of Rs 417 on 26 May 2014. The stock hit a 52-week low of Rs 215.47 on 30 August 2013.

The stock had outperformed the market over the past one month till 28 May 2014, rising 28.61% compared with 8.50% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 55.88% as against Sensex's 16.27% rise.

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

On a consolidated basis, Coal India's net profit fell 12.93% to Rs 15111.67 crore on 0.95% increase in total income to Rs 77779.40 crore in the year ended March 2014 over the year ended March 2013.

Coal India is the largest coal producer in the world.

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