Nava Bharat Ventures slumped 7.6% to Rs 235.15 at 15:25 IST on BSE after consolidated net profit fell 32.05% to Rs 29.20 crore on 9.31% decline in net total income from operations to Rs 313.72 crore in Q1 June 2016 over Q1 June 2015.
The result was announced during market hours today, 24 August 2016.Meanwhile, the BSE Sensex was up 63.06 points, or 0.23%, to 28,053.27.
More than normal volumes were witnessed on the counter. On BSE, so far 2.68 lakh shares were traded in the counter, compared with an average volume of 94,696 shares in the past one quarter. The stock hit a high of Rs 256.90 and a low of Rs 230.30 so far during the day.
Nava Bharat Ventures operates in the business verticals of power generation, mining, ferro alloys and agri-business with multi-national operations spread over India, South East Asia and Africa.
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