Neyveli Lignite drops after weak Q2 outcome

Neyveli Lignite Corporation lost 1.81% to Rs 56.85 at 13:11 IST on BSE after net profit declined 28.3% to Rs 240 crore on 2.5% growth in net sales to Rs 1382.82 crore in Q2 September 2013 over Q2 September 2012.

The Q2 result was announced on Saturday, 26 October 2013.

Meanwhile, the S&P BSE Sensex was up 14.70 points or 0.07% at 20,698.22.

On BSE, 9,463 shares were traded in the counter as against average daily volume of 21,259 shares in the past one quarter.

The stock hit a high of Rs 57.95 and a low of Rs 56.65 so far during the day. The stock had hit a 52-week low of Rs 49 on 5 August 2013. The stock had hit a 52-week high of Rs 87.80 on 22 January 2013.

The stock had underperformed the market over the past one month till 25 October 2013, gaining 3.12% compared with the Sensex's 4.17% rise. The scrip had also underperformed the market in past one quarter, advancing 3.02% as against Sensex's 4.44% rise.

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

Tamil Nadu-based Neyveli Lignite Corporation's principal activities are exploration of lignite mines and power generation.

Powered by Capital Market - Live News