Lanco Infratech shed 5.39% to Rs 4.56 at 13:45 IST on BSE after the company reported consolidated net loss of Rs 448.88 crore in Q1 June 2016 higher than consolidated net loss of Rs 316.27 crore in Q1 June 2015.
The result was announced during market hours today, 12 September 2016.Meanwhile, the S&P BSE Sensex was down 397.05 points or 1.38% at 28,400.20.
On BSE, so far 4.63 lakh shares were traded in the counter as against average daily volume of 7.21 lakh shares in the past one quarter. The stock hit a high of Rs 4.78 and a low of Rs 4.54 so far during the day. The stock had hit a 52-week low of Rs 2.96 on 10 September 2015. The stock had hit a 52-week high of Rs 7.78 on 6 January 2016. The stock had outperformed the market over the past one month till 9 September 2016, gaining 3.66% compared with Sensex's 2.54% gain. The scrip had also outperformed the market in past one quarter, rising 9.79% as against Sensex's 7.6% gain.
The small-cap company has equity capital of Rs 274.93 crore. Face value per share is Re 1.
Lanco Infratech's consolidated net total income from operations rose 10.1% to Rs 1727.99 crore in Q1 June 2016 over Q1 June 2015.
Lanco Infratech is one of the India's largest integrated infrastructure developers in India. The company has subsidiaries and divisions across a synergistic span of 5 business verticals viz. engineering, procurement and construction (EPC), power, natural resources, solar and infrastructure.
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