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JBF Industries nears four-year low; tanks 27% in two trading days

Since February 8, JBF Industries tanked 44% after reported a net loss of Rs 163 million for the quarter ended December 2017.

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A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai (Photo: Kamlesh Pednekar)

SI Reporter Mumbai
JBF Industries was quoting close to its four year low at Rs 104, down 9%, falling 27% from Rs 143 in past two trading days on the BSE. The stock is trading at its lowest level since May 27, 2014.

Since February 8, 2018,  JBF Industries tanked 44% from Rs 185 after reported a weak set of numbers for the quarter ended December 2017 (Q3FY18). On comparison, the S&P BSE Sensex was down 4% during the same period.

The company engaged in the business of producing polyester based products had posted net loss of Rs 163 million Q3FY18

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