Hathway Cable tumbles over 10% in two sessions

Hathway Cable & Datacom fell 4.06% to Rs 27.15 at 14:16 IST on BSE, with the stock sliding for the second consecutive session in the wake of dismal Q1 June 2016 results.

Meanwhile, the BSE Sensex was up 103.39 points, or 0.36%, to 28,526.87.

On BSE, so far 38,000 shares were traded in the counter, compared with average daily volume of 26,318 shares in the past one quarter. The stock hit a high of Rs 29.60 so far during the day. The stock hit a low of Rs 25.55 so far during the day, which is also a 52-week low for the counter. The stock hit a 52-week high of Rs 49 on 13 November 2015. The stock had underperformed the market over the past 30 days till 1 September 2016, sliding 12.52% compared with 2.62% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 16.15% as against Sensex's 5.89% rise.

The small-cap company has equity capital of Rs 166.10 crore. Face value per share is Rs 2.

Shares of Hathway Cable & Datacom fell 6.29% to Rs 28.30 yesterday, 1 September 2016, after the company reported net loss of Rs 53.20 crore in Q1 June 2016, higher than net loss of Rs 37.38 crore in Q1 June 2015. Net sales rose 16.9% to Rs 301.02 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours on Wednesday, 31 August 2016. The stock has fallen 10.10% in two sessions from its close of Rs 30.20 on Wednesday, 31 August 2016.

Hathway Cable & Datacom offers cable television services across 140 cities and towns and high-speed cable broadband services across 21 cities.

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