Ballarpur Industries fell 2.55% to Rs 15.30 at 14:52 IST on BSE, after the company reported consolidated net loss of Rs 59.94 crore in the quarter ended 31 December 2015, higher than net loss of Rs 50.60 crore in the quarter ended 31 December 2014.
The result was announced after market hours on Friday, 5 February 2016.Meanwhile, the S&P BSE Sensex was down 223.08 points or 0.91% at 24,393.89
On BSE, so far 2.35 lakh shares were traded on the counter as against average daily volume of 4.89 lakh shares in the past one quarter.
The stock hit a high of Rs 15.65 and a low of Rs 15.05 so far during the day. The stock had hit a 52-week low of Rs 12 on 26 June 2015. The stock had hit a 52-week high of Rs 21.80 on 1 January 2016. The stock had underperformed the market over the past one month till 5 February 2016, sliding 24.7% compared with 3.77% decline in the Sensex. The scrip also underperformed the market in past one quarter, sliding 10.03% as against Sensex's 6.41% fall.
The small-cap company has an equity capital of Rs 131.10 crore. Face value per share is Rs 2.
Ballarpur Industries' net sales fell 7.12% to Rs 1104.48 crore in the quarter ended 31 December 2015 over the quarter ended 31 December 2014.
The Ballarpur Group is the largest manufacturer of writing and printing paper in India.
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