Nalco down 4% on dip in Q4 net

The stock finally ended at Rs 342, down 4%. The counter witnessed trades of 113,715 shares as against the two-week daily average traded volume of 79,132 shares.
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Updated at 1032 Hrs:

National Aluminium Company (Nalco) has slipped 5% on the BSE following a 81% dip in Q4 net profit.

The stock opened 3% lower at Rs 345. It recovered partially to touch a high of Rs 350 but slipped further to a low of Rs 339, down 5%. The counter has clocked a volume of 30,255 shares on the BSE so far.

The company has informed the BSE that net profit decreased 81.5% to Rs 83.02 crore for the quarter ended March 31, 2009 from Rs 446.66 crore in the corresponding quarter a year ago.

 

Total income, however, increased a per cent to Rs 5,630.91 crore from Rs 5,575.65 crore.