NALCO tumbles 4% on disappointing Q2 numbers
By IRIS
26th October 2012 02:18 PM
National Aluminium Company (NALCO) tumbled
on Friday after the company posted a sharp decline of 97% in net
profit for the quarter ended Sept. 30, 2012 due to higher input
cost and lower production.
The sharp fall in profit was due to increase in coal and fuel
cost by Rs 1.24 billion and lower production in rainy season.Shares
ofthe companyare trading at Rs 47.35, down Rs 2.2, or 4.44% at the
Bombay
Stock Exchange (BSE) on Friday at 12:38
p.m.Net sales during the quarter fell marginally 0.3% to Rs 16.09
billion, while total income went up slightly 0.14% helped by other
income to Rs 17.47 billion, when compared with prior year period.
The scrip has touched an intra-day high of Rs 48 and low of Rs
45.40. The total volume of shares traded at the BSE is 138,775.In
the earlier session, the shares fell 0.3%, or Rs 0.15, at Rs 49.55.
Currently, the stock is trading at all time 52-week low, which is
below 30.83% over the 52-week high of Rs 68.45.
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