ITD Cementation India tumbles on reverse turnaround in Q1

ITD Cementation India plunged 13.61% to Rs 132.95 at 12:01 IST on BSE after the company reported consolidated net loss of Rs 10.26 crore in Q1 March 2014 as compared to net profit of Rs 5.57 crore in Q1 March 2013.

ITD Cementation India announced Q1 result after market hours on Thursday, 8 May 2014.

Meanwhile, BSE Sensex was up 274.43 points or 1.23% to 22,618.47

On BSE, so far 16,097 shares were traded in the counter. The scrip had an average daily volume of 4,330 shares in the past one quarter.

The stock hit a high of Rs 147 and a low of Rs 130.80 so far during the day. The stock had a 52-week high of Rs 188.85 on 20 May 2013 and a 52-week low of Rs 120.50 on 26 March 2014.

The stock had outperformed the market over the past one month till 8 May 2014, rising 7.36% compared with no change in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 10.36% as against Sensex's 9.66% rise.

The small-cap construction company has an equity capital of Rs 11.52 crore. Face value per share is Rs 10.

On a consolidated basis, ITD Cementation India's net sales fell 9.2% to Rs 380.16 crore in Q1 March 2014 over Q1 March 2013.

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