JSW Holdings drops after reporting dismal Q2 results

JSW Holdings dropped 2.07% to Rs 1,255.60 at 13:00 IST on BSE after the company reported 22.63% fall in net profit to Rs 15.56 crore on 16.97% decline in income from operations to Rs 22.01 crore in Q2 September 2016 over Q2 September 2015.

The result was announced during market hours today, 21 October 2016.

Meanwhile, the S&P BSE Sensex was down 121.20 points or 0.43% at 28,008.64.

On BSE, so far 2,449 shares were traded in the counter as against average daily volume of 2,356 shares in the past one quarter. The stock hit a high of Rs 1,285.40 and a low of Rs 1,247.95 so far during the day. The stock hit a 52-week high of Rs 1,394 on 15 July 2016. The stock hit a 52-week low of Rs 930.50 on 23 November 2015. The stock had outperformed the market over the past one month till 20 October 2016, rising 0.56% compared with 1.38% decline in the Sensex. The scrip had, however, underperformed the market in past one quarter, dropping 3.41% as against Sensex's 0.77% rise.

The mid-cap company has equity capital of Rs 11.10 crore. Face value per share is Rs 10.

JSW Holdings is the investment arm of JSW Group.

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