Neyveli Lignite Corporation gains after good Q3 earnings

The result was announced after market hours on Monday, 28 January 2013.

Meanwhile, the BSE Sensex was down 34.26 points, or 0.17%, to 20,069.09.

On BSE, 10,000 shares were traded in the counter as against an average daily volume of 21,840 shares in the past one quarter.

The stock hit a high of Rs 85.50 and a low of Rs 84.60 so far during the day. The stock had hit a 52-week high of Rs 105.30 on 16 February 2012. The stock had hit a 52-week low of Rs 70.60 on 25 May 2012.

The stock had outperformed the market over the past one month till 28 January 2013, rising 4.42% compared with the Sensex's 3.39% rise. The scrip had, however, underperformed the market in past one quarter, rising 0.42% as against Sensex's 7.94% rise.

The large-cap company has an equity capital of Rs 1677.71 crore. Face value per share is Rs 10.

Neyveli Lignite Corporation's (NLC) principal activities are exploration of lignite mines and power generation. The company owns three lignite mines and two thermal power stations in Neyveli and Cuddalore district in Tamil Nadu. It generates power by using lignite as fuel. The Government of India holds 93.56% stake in NLC as per the shareholding pattern as on 31 December 2012.

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