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Jindal Poly Films slides after poor Q1 earnings

The stock hit a high of Rs 418 and a low of Rs 404 so far during the day

Jindal Poly Films slides after poor Q1 earnings

Capital Market Mumbai
Jindal Poly Films lost 4.08% to Rs 412.10 at 10:48 IST on BSE after consolidated net profit fell 39.3% to Rs 98.84 crore on 7.9% decline in net sales to Rs 1777.03 crore in Q1 June 2016 over Q1 June 2015.

On BSE, so far 18,000 shares were traded in the counter as against average daily volume of 16,156 shares in the past one quarter. The stock hit a high of Rs 418 and a low of Rs 404 so far during the day.

The stock had hit a 52-week low of Rs 355.20 on 8 September 2015. The stock had hit a 52-week high of Rs 612 on 4 November 2015. The stock had underperformed the market over the past one month till 6 September 2016, advancing 2.33% compared with 3.2% rise in the Sensex.
 

The scrip had also underperformed the market in past one quarter, declining 3.92% as against Sensex's 8.22% rise.

The small-cap company has equity capital of Rs 42.05 crore. Face value per share is Rs 10.

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First Published: Sep 07 2016 | 11:06 AM IST

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