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Shares of Hindustan Copper were down over 3% at Rs 69 after the state-owned metal major reported 85% drop in net profit at Rs 11 crore because of sharp decline in sales.
The company had reported a net profit of Rs 69 crore for the quarter ended December 31,2014.
Net sales for the quarter ended December 2014 declined 44% to Rs 240 crore compared with Rs 427 crore in the same quarter ended December 2013.
The stock opened at Rs 69 and touched a low of Rs 68. At 12:40PM, over 276,000 shares were traded on both the stock exchanges.
