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  Metal and mining stocks advance (24-Nov 10:14 Hrs IST)
4  Power Grid drops as RBI places restrictions on further purchases by FPIs (24-Nov 09:52 Hrs IST)
4  Infosys hits record high (24-Nov 09:42 Hrs IST)
4  Astral Poly Technik gains on acquiring stake in Resinova Chemie (24-Nov 09:33 Hrs IST)
4  ACC, Ambuja Cements edge higher (24-Nov 09:13 Hrs IST)
4  Pidilite Industries scales record high after bulk deal (21-Nov 15:19 Hrs IST)
4  Rail stocks gain on reports govt. releases first order for rail wagons (21-Nov 15:14 Hrs IST)
4  Cipla gains 5.46% in two days on signing distribution agreement with Serum Institute (21-Nov 14:41 Hrs IST)
4  Cairn India gains along with crude oil prices (21-Nov 14:26 Hrs IST)
4  Apollo Hospitals drops on profit booking (21-Nov 14:14 Hrs IST)
Next4