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EIH slips after dismal Q1 earnings

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Capital Market
Last Updated : Aug 04 2016 | 12:01 AM IST

EIH fell 3.4% to Rs 112.20 at 9:33 IST on BSE after the company reported net loss of Rs 12.24 crore for Q1 June 2016 as against net profit of Rs 21.15 crore for Q1 June 2015.

The result was announced after market hours yesterday, 2 August 2016.

Meanwhile, the S&P BSE Sensex was down 126.19 points, or 0.45%, to 27,855.52.

On BSE, so far 4,304 shares were traded in the counter, compared with an average daily volume of 14,160 shares in the past one quarter. The stock hit a high of Rs 114 and a low of Rs 109.30 so far during the day. The stock hit a 52-week high of Rs 137.80 on 1 January 2016. The stock hit a 52-week low of Rs 96 on 29 September 2015. The stock had underperformed the market over the past one month till 2 August 2016, rising 3.06% compared with 3.08% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 12.82% as against Sensex's 10% rise.

The mid-cap hospitality company has an equity capital of Rs 114.31 crore. Face value per share is Rs 2.

EIH's net sales declined 8.39% to Rs 273.64 crore in Q1 June 2016 over Q1 June 2015.

EIH, under the aegis of The Oberoi Group, operates hotels and cruisers in five countries under the luxury 'Oberoi' and five-star 'Trident' brands.

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First Published: Aug 03 2016 | 9:29 AM IST

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