Jindal Drilling & Industries fell 4.32% to Rs 170.70 at 09:42 IST on BSE after the company reported net loss of Rs 2.30 crore in Q3 December 2017 as compared with net profit of Rs 7.65 crore in Q3 December 2016.
Meanwhile, the S&P BSE Sensex was down 336.67 points, or 0.96%, to 34,730.08. The S&P BSE Small-Cap index was down 476.25 points, or 2.76%, to 17,371.28.
On the BSE, so far 10,000 shares were traded in the counter, compared with average daily volumes of 55,664 shares in the past one quarter. The stock had hit a high of Rs 172.50 and a low of Rs 160.50 so far during the day. The stock hit a 52-week high of Rs 235 on 11 January 2018. The stock hit a 52-week low of Rs 137.05 on 30 May 2017.
The small-cap company has equity capital of Rs 14.49 crore. Face value per share is Rs 5.
Jindal Drilling & Industries' total income dropped 66.37% to Rs 40.17 crore in Q3 December 2017 over Q3 December 2016. The result was announced after market hours on Friday, 2 February 2018.
Jindal Drilling & Industries is into offshore drilling in India's oil and gas sector. The company's principal operating segments include offshore drilling for oil & gas, horizontal & directional drilling and mud logging services.
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