Binani Industries lost 1.87% to Rs 76.20 at 11:19 IST on BSE after the company reported a net loss of Rs 0.24 crore in Q2 September 2015 compared with net profit of Rs 6.85 crore in Q2 September 2014.
The Q2 result was announced on Saturday, 24 October 2015.
Meanwhile, the S&P BSE Sensex was down 26.85 points or 0.1% at 27,443.96.
On BSE, so far 3,807 shares were traded in the counter as against average daily volume of 8,764 shares in the past one quarter.
The stock hit a high of Rs 78.50 and a low of Rs 76.20 so far during the day. The stock had hit a 52-week low of Rs 69 on 8 September 2015. The stock had hit a 52-week high of Rs 120.80 on 22 January 2015.
The stock had outperformed the market over the past one month till 23 October 2015, surging 6.81% compared with Sensex's 6.38% rise. The scrip had, however, underperformed the market in past one quarter, sliding 18.82% as against Sensex's 3.17% fall.
The small-cap company has equity capital of Rs 29.60 crore. Face value per share is Rs 10.
Binani Industries' net sales declined 68.1% to Rs 4.85 crore in Q2 September 2015 over Q2 September 2014.
Binani Industries is a multidimensional business conglomerate with sales, manufacturing, and R&D operations spread in Asia, Europe, Middle East and North America. Its diversified businesses deliver products and solutions in the areas of cement, zinc, glass fibre and related composites, energy and industrial infrastructure.
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