CapitalMarket.com - Sesa Goa drops after weak quarterly earnings
Hot Pursuit Friday, July 22, 2011 09:41 Hrs IST

Print this page


Sesa Goa drops after weak quarterly earnings

Sesa Goa declined 1.35% to Rs 274.30 at 9:38 IST on NSE, after consolidated net profit slumped 35.4% to Rs 840.59 crore on 12.5% fall in net sales to Rs 2094.74 crore in Q1 June 2011 over Q1 June 2010.

The company announced the results after market hours on Thursday, 21 July 2011.

Meanwhile, the S&P CNX Nifty was up 28.70 points, or 0.52%, to 5,570.30.

On NSE, 16.27 lakh shares were traded in the counter.

The stock hit a high of Rs 277.85 and a low of Rs 265.50 so far during the day. The stock had hit a 52-week high of Rs 384 on 10 August 2010 and a 52-week low of Rs 254.75 on 21 March 2011.

The large-cap stock had underperformed the market over the past one month till 21 July 2011, gaining 3.98% compared with the Sensex's return of 4.99%. The scrip had also underperformed the market in past one quarter, falling 13.64% as against 5.95% decline in the Sensex.

The iron ore exporter has an equity capital of Rs 86.91 crore. Face value per share is Rs 1.

Previous Stories
More 4
Other Stories
4  Arvind Remedies surges as board to consider investment proposal by a potential investor (6-Jul 15:10 Hrs IST)
4  Airline stocks jump after slide in crude oil prices (6-Jul 14:46 Hrs IST)
4  Cigarette makers decline after RBI confirms ban on FDI in manufacturing of tobacco products (6-Jul 14:16 Hrs IST)
4  Volumes jump at SKF India counter (6-Jul 13:58 Hrs IST)
4  Petronet LNG drops after RBI restricts further purchases of shares by foreign investors (6-Jul 13:26 Hrs IST)
4  Neyveli Lignite gains after commissioning Unit-I of TPS-II expansion project at Neyveli (6-Jul 12:34 Hrs IST)
4  MOIL declines after reducing manganese ore prices for Q2 September 2015 (6-Jul 11:51 Hrs IST)
4  JSW Steel and Vedanta drop ex-dividend (6-Jul 10:54 Hrs IST)
4  Oil exploration firms drop along with crude oil prices (6-Jul 10:27 Hrs IST)
4  KMBL gains after reports FIPB gives nod for increase in foreign investment limit (6-Jul 10:06 Hrs IST)
Next4