Geodesic hits 52-week low on reporting loss in Q2

Shares of Geodesic were locked in 5% lower circuit at Rs 13.25, hitting a 52-week low, after the company on Friday announced a huge loss in the second quarter ended December 2012

The company reported a loss of Rs 18.96 crore on a total income of Rs 100 crore on a standalone basis for the second quarter ended December 2012.

For the corresponding quarter of the previous year (December 2011) the company had registered a profit of Rs 12.31 crore on a total income of Rs 127.74 crore.

Over 5.68 lakh shares were traded so far with sell orders of over 53,000 shares pending on both the stock exchanges.