Shares of Hindustan Copper today tanked 5.5 per cent after the company reported a net loss of Rs 2.88 crore for the quarter ended June 30, 2016.
The scrip fell 5.49 per cent to close at Rs 66.25 on BSE. During the day, it dived 5.77 per cent to Rs 66.05.
At NSE, shares of the company slipped 5.34 per cent to end at Rs 66.45.
The firm had clocked a net profit of Rs 20 crore in the year-ago period, it had said in a BSE filing yesterday.
Total income fell to Rs 206.23 crore in April-June quarter of this fiscal from Rs 236.38 crore during the same period of 2015-16.
The company's total expenses were marginally higher at Rs 223.61 crore, against Rs 222.19 crore in the year-ago period.
The firm manufactures copper, right from the stage of mining to beneficiation, smelting, refining and casting of refined copper metal into downstream saleable products.
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