Educomp Solutions has dipped 5% to Rs 38.85, also its 52-week low on the Bombay Stock Exchange (BSE). The stock has underperformed the market by falling 38% in past eight trading sessions on BSE compared 3.3% fall in benchmark index Sensex after reporting disappointing fourth quarter results.
IT education company had reported a consolidated net loss of Rs 148 crore for the quarter ended March 2013 (Q4) against a net profit of Rs 62 crore in the corresponding quarter, a year-ago. It’s consolidated total income too, down by 35% at Rs 336 crore on year-on-year basis.
Meanwhile, the rating agency CARE on June 4, downgraded its rating on the bank facilities of the company to default.
Today, the stock opened at Rs 39.15 and hit a high of Rs 40.85 on BSE. A combined 268,770 shares have changed hands on the counter till early morning deals and there are pending sell orders for 232,912 shares on BSE and NSE.
IT education company had reported a consolidated net loss of Rs 148 crore for the quarter ended March 2013 (Q4) against a net profit of Rs 62 crore in the corresponding quarter, a year-ago. It’s consolidated total income too, down by 35% at Rs 336 crore on year-on-year basis.
Meanwhile, the rating agency CARE on June 4, downgraded its rating on the bank facilities of the company to default.
Today, the stock opened at Rs 39.15 and hit a high of Rs 40.85 on BSE. A combined 268,770 shares have changed hands on the counter till early morning deals and there are pending sell orders for 232,912 shares on BSE and NSE.
