Peninsula Land declined 8.16% to Rs 27 at 14:30 IST on BSE after the company reported net loss of Rs 48.66 crore in Q3 December 2017 higher than net loss of Rs 20.45 crore in Q3 December 2016.
Net sales jumped 1582.9% to Rs 277.51 crore in Q3 December 2017 over Q3 December 2016.
The stock plunged 20% in three sessions to its ruling price, from a close of Rs 33.75 on 1 February 2018.
The result was announced after market hours yesterday, 5 February 2018.
Meanwhile, the S&P BSE Sensex was down 379.56 points, or 1.09% to 34,377.60. The S&P BSE Small-Cap index was down 342.83 points, or 1.93% to 17,438.96, underperforming the Sensex.
On the BSE, 2.43 lakh shares were traded in the counter so far, compared with average daily volumes of 3.62 lakh shares in the past one quarter. The stock had hit a high of Rs 28.20 and a low of Rs 25.25 so far during the day. The stock had hit a 52-week high of Rs 44 on 8 January 2018. The stock had hit a 52-week low of Rs 15.25 on 3 February 2017.
The stock lost 29.07% over the past one month till 5 February 2018, underperforming the Sensex's 1.77% rise. The scrip had also underperformed the market in past one quarter, dropping 11.45% as against Sensex's 3.18% rise. The scrip had, however, outperformed the market in past one year, gaining 85.26% as against Sensex's 23.08% rise.
The small-cap company has equity capital of Rs 55.84 crore. Face value per share is Rs 2.
Peninsula Land is an integrated real estate company. The company's projects include pioneering retail ventures, world-class commercial projects and residential complexes.
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