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Cimmco advances after trimming losses in Q2

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Capital Market

Cimmco rose 2.41% to Rs 68 at 10:30 IST on BSE after the company reported net loss of Rs 4.32 crore in Q2 September 2016 compared with net loss of Rs 5.24 crore in Q2 September 2015.

The result was announced after market hours yesterday, 14 December 2016.

Meanwhile, the S&P BSE Sensex was up 123.11 points or 0.46% at 26,725.95.

On the BSE, 1,360 shares were traded in the counter so far as against average daily volume of 10,589 shares in the past one quarter. The stock had hit a high of Rs 68.55 and a low of Rs 65.55 so far during the day.

 

The small-cap company has equity capital of Rs 20.15 crore. Face value per share is Rs 10.

Cimmco's net total income from operations jumped 519% to Rs 43.70 crore in Q2 September 2016 over Q2 September 2015.

Cimmco is engaged in the manufacturing and selling of railway wagons and heavy engineering products.

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First Published: Dec 15 2016 | 10:26 AM IST

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