Coal India declines after reporting weak Q2 results

Coal India dropped 2.94% to Rs 296.75 at 9:25 IST on BSE after consolidated net profit fell 77.37% to Rs 600.44 crore on 6.77% decline in total income to Rs 17625.09 crore in Q2 September 2016 over Q2 September 2015.

The result was announced after market hours yesterday, 13 December 2016.

Meanwhile, the S&P BSE Sensex was down 29 points or 0.11% at 26,668.31.

On the BSE, 71,351 shares were traded on the counter so far as against the average daily volumes of 3.37 lakh shares in the past one quarter. The stock had hit a high of Rs 298 and a low of Rs 295.25 so far during the day.

 

The large-cap company has equity capital of Rs 6316.36 crore. Face value per share is Rs 10.

State-run Coal India is India's biggest coal miner. The Government of India currently holds 79.65% stake in Coal India (as per the shareholding pattern as on 30 September 2016).

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