IVRCL slips after F&O exclusion on NSE

Meanwhile, the BSE Sensex was up 85.04 points, or 0.45%, to 19,101.50.

On BSE, 5.13 lakh shares were traded in the counter as against an average daily volume of 16.72 lakh shares in the past one quarter.

The stock hit a high of Rs 20.60 and a low of Rs 19.55 so far during the day. The stock had hit a 52-week high of Rs 66 on 19 April 2012. The stock had hit a 52-week low of Rs 17.65 on 28 March 2013.

The stock had underperformed the market over the past one month till 18 April 2013, sliding 16.97% compared with the Sensex's 1.43% fall. The scrip had also underperformed the market in past one quarter, falling 51.93% as against Sensex's 5.10% fall.

The small-cap company has an equity capital of Rs 61.38 crore. Face value per share is Rs 2.

National Stock Exchange (NSE) said in a circular on Thursday, 18 April 2013, that trading in futures and options (F&O) contracts of IVRCL will not be available from 28 June 2013.

However, the existing unexpired contracts of expiry months April 2013, May 2013 and June 2013 would continue to be available for trading till their respective expiry and new strikes would also be introduced in the existing contract months, the exchanged added.

IVRCL reported a net loss of Rs 68.14 crore in Q2 December 2012 as against a net profit of Rs 6.79 crore Q2 December 2011. Net sales rose 5.41% to Rs 1247.20 crore in Q2 December 2012 over Q2 December 2011.

IVRCL operates in the core infrastructure sectors of water & environment, transportation, buildings and power.

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