Tata Sponge Iron lost 2.54% to Rs 395.25 at 13:15 IST on BSE after net profit fell 68.3% to Rs 5.24 crore on 33% decline in net sales to Rs 138.78 crore in Q3 December 2015 over Q3 December 2014.
The result was announced after market hours yesterday, 20 January 2016.Meanwhile, the S&P BSE Sensex was down 193.70 points or 0.81% at 23,868.34.
On BSE, so far 30,000 shares were traded in the counter as against average daily volume of 63,646 shares in the past one quarter. The stock hit a high of Rs 408.70 and a low of Rs 394.50 so far during the day. The stock had hit a 52-week low of Rs 388.95 on 25 August 2015. The stock had hit a 52-week high of Rs 942 on 4 March 2015. The stock had underperformed the market over the past one month till 20 January 2016, sliding 16.94% compared with Sensex's 5.71% fall. The scrip had also underperformed the market in past one quarter, declining 17.45% as against Sensex's 11.88% fall.
The small-cap company has equity capital of Rs 15.40 crore. Face value per share is Rs 10.
Tata Sponge Iron is a sponge iron manufacturer.
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