Hindustan Copper slips after weak Q2 results

Hindustan Copper fell 2.22% to Rs 61.80 at 14:50 IST on BSE after net profit fell 11.04% to Rs 6.77 crore on 10.40% decline in total income to Rs 213.72 crore in Q2 September 2016 over Q2 September 2015.

The result was announced during trading hours today, 13 December 2016.

Meanwhile, the BSE Sensex was up 149.25 points, or 0.56%, to 26,664.49.

On the BSE, so far 3.02 lakh shares were traded in the counter, compared with average daily volumes of 1.69 lakh shares in the past one quarter. The stock had hit a high of Rs 64.60 and a low of Rs 60.90 so far during the day.

The stock hit a 52-week high of Rs 73.60 on 22 August 2016. The stock hit a 52-week low of Rs 42.30 on 19 February 2016. The stock had outperformed the market over the past 30 days till 12 December 2016, rising 5.25% compared with the 1.13% decline in the Sensex. The scrip had also outperformed the market in past one quarter, falling 2.32% as against Sensex's 6.48% decline.

The mid-cap company has equity capital of Rs 462.61 crore. Face value per share is Rs 5.

Hindustan Copper (HCL), a public sector enterprise of the Government of India, has the distinction of being India's only vertically integrated copper producing company encompassing mining, beneficiation, smelting, refining and casting of refined copper metal.

Powered by Capital Market - Live News