Meanwhile, the S&P BSE Sensex was down 15.40 points or 0.08% at 19,530.38.
On BSE, 67,000 shares were traded in the counter as against average daily volume of 2.99 lakh shares in the past one quarter.
The stock hit a low of Rs 43.20 so far during the day, which is a 52-week low for the counter. The stock hit high of Rs 45.70 so far during the day. The stock had hit a 52-week high of Rs 140 on 5 July 2012.
The stock underperformed the market over the past one month till 4 June 2013, sliding 26.47% compared with the Sensex's 0.15% fall. The scrip had also underperformed the market in past one quarter, declining 23.49% as against Sensex's 3.54% gain.
The small-cap oil exploration firm has equity capital of Rs 130.49 crore. Face value per share is Rs 10.
Shares of Hindustan Oil Exploration Company (HOEC) had tanked 31.21% in five trading sessions to settle at Rs 44.30 on Tuesday, 4 June 2013, from a recent high of Rs 64.40 on 28 May 2013.
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HOEC reported net loss of Rs 28.33 crore in Q4 March 2013, as against net profit of Rs 7.55 crore in Q4 March 2012. Net sales rose 28.5% to Rs 33.36 crore in Q4 March 2013 over Q4 March 2012.
HOEC was incorporated in 1983 for taking up Exploration and Production (E&P) activities. The company has participating interest in nine oil/gas fields in India (in Cambay basin, Cauvery basin, Assam Arakan basin and Rajasthan basin), which are in varying stages of E&P life cycle i.e. exploration, development and production.
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