Hindustan Copper slips after weak Q3 numbers

Hindustan Copper lost 0.89% to Rs 61.30 at 13:02 IST on BSE after net profit declined 9.1% to Rs 68.96 crore on 37.3% growth in net sales to Rs 426.48 crore in Q3 December 2013 over Q3 December 2012.

The Q3 result was announced after market hours on Wednesday, 12 February 2014.

Meanwhile, the S&P BSE Sensex was down 158.21 points or 0.77% at 20,290.28.

On BSE, so far 50,000 shares were traded in the counter as against average daily volume of 1.50 lakh shares in the past one quarter.

The stock was volatile. The stock lost as much as 2.34% at the day's low of Rs 60.40 so far during the day. The stock rose as much as 0.4% at the day's high of Rs 62.10 so far during the day. The stock had hit a 52-week high of Rs 139.50 on 12 February 2013. The stock had hit a 52-week low of Rs 42.50 on 6 August 2013.

The stock had underperformed the market over the past one month till 12 February 2014, sliding 9.31% compared with the Sensex's 1.49% fall. The scrip had also underperformed the market in past one quarter, declining 9.97% as against Sensex's 0.82% rise.

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

Hindustan Copper 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