Coal India lost 1.87% to Rs 324.50 at 9:47 IST on BSE after consolidated net profit fell 14.78% to Rs 3065.28 crore on 6.11% decline in net sales to Rs 17796.05 crore in Q1 June 2016 over Q1 June 2015.
The result was announced yesterday, 13 September 2016 when the stock market was closed on account of Bakri Id.Meanwhile, the S&P BSE Sensex was down 5.90 points or 0.02% at 28,347.64.
On BSE, so far 82,000 shares were traded in the counter as against average daily volume of 3.75 lakh shares in the past one quarter. The stock hit a high of Rs 327.55 and a low of Rs 321.70 so far during the day. The stock had hit a 52-week low of Rs 272.05 on 12 April 2016. The stock had hit a 52-week high of Rs 349.85 on 17 August 2016. The stock had underperformed the market over the past one month till 12 September 2016, sliding 2.15% compared with 0.71% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 7.67% as against Sensex's 6.45% rise.
The large-cap company has equity capital of Rs 6316.36 crore. Face value per share is Rs 10.
State-run Coal India is India's biggest coal miner. The Government of India currently holds 79.65% stake in Coal India (as per the shareholding pattern as on 30 June 2016).
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