The stock slipped further to a low of Rs 175, down 4.5%. It ended at the day's low with trades of 57,890 shares on the BSE.
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(Updated at 1227 hrs)
Coromandel Fertilisers has dropped after reporting a 73% dip in Q1 net.
The stock today opened at Rs 185, but started slipping thereafter. It shed 4.5% from its high to touch a low of Rs 177. It recovered partially and is now at Rs 180 - down 2%. Around 41,426 shares have been traded at the counter so far on the BSE.
According to a release issued by the company to the BSE, the net profit has dropped 73.5% to Rs 51.14 crore in Q1FY10 from Rs 193.83 crore in Q1FY09. The turnover, however, increased 22% to Rs 1,527.67 from Rs 1,250.64 crore in the same period.