Jindal Poly Films, Jindal Photo edge lower

Shares of Jindal Poly Films and Jindal Photo fell 3.07% to 6.62% at 13:04 IST on BSE after the boards of both the firms at their meeting held yesterday, 29 December 2014, deferred the proposal for the merger of firms.

Jindal Poly Films (down 3.07% at Rs 273.20) and Jindal Photo (down 6.62% at Rs 217.90) declined.

Meanwhile, the S&P BSE Sensex was almost unchanged at 27,394.92.

Jindal Photo reported a net profit of Rs 0.16 crore in Q2 September 2014 compared with net loss of Rs 12.39 crore in Q2 September 2013. Net sales declined 12.5% to Rs 80.76 crore in Q2 September 2014 over Q2 September 2013.

Jindal Photo manufactures photographic supplies. The company produces photographic film, and markets digital and film cameras.

Jindal Poly Films' net profit rose 122.6% to Rs 49.69 crore on 4.6% decline in net sales to Rs 674.37 crore in Q2 September 2014 over Q2 September 2013.

Jindal Poly Films is involved in diverse activities including manufacturing of polyester film, polypropylene film, steel pipes and photographic products.

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