Nava Bharat Ventures slumped 9.85% to Rs 107.05 at 15:10 IST on BSE after consolidated net profit dropped 91% to Rs 6.25 crore on 22.76% decline in total income from operations to Rs 317.64 crore in Q2 September 2016 over Q2 September 2015.
The result was announced during market hours today, 17 November 2016.Meanwhile, the BSE Sensex was down 107.59 points, or -0.48%, to 26,172.95.
On BSE, so far 2.35 lakh shares were traded in the counter, compared with average daily volume of 1.88 lakh shares in the past one quarter. The stock hit a high of Rs 123.55 and a low of Rs 104.45 so far during the day.
The mid-cap company has equity capital of Rs 35.72 crore. Face value per share is Rs 2.
Nava Bharat Ventures (NBV) is a diversified organization with interests in power generation, ferro alloys, mining and agri-business. The company is in business for nearly four decades and operates in different geographies spanning across India and Africa.
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