Neyveli Lignite Corporation rose 5.24% to Rs 89.35 at 15:30 IST on BSE after net profit rose 9.83% to Rs 366.90 crore on 19.85% rise in total income to Rs 1965.79 crore in Q1 June 2015 over Q1 June 2014.
The company announced the results during market hours today, 7 August 2015.
Meanwhile, the S&P BSE Sensex was down 47.89 points or 0.17% at 28,250.24.
On BSE, so far 7.62 lakh shares were traded in the counter as against average daily volume of 46,727 shares in the past one quarter.
The stock hit a high of Rs 94.25 and a low of Rs 85 so far during the day. The stock had hit a 52-week high of Rs 97.50 on 5 November 2014. The stock had hit a 52-week low of Rs 65.25 on 27 March 2015.
The stock had outperformed the market over the past one month till 6 August 2015, rising 2.66% compared with Sensex's 0.32% gain. The scrip had also outperformed the market in past one quarter, gaining 13.43% as against Sensex's 5.92% gain.
The large-cap state-run lignite mining company has equity capital of Rs 1677.71 crore. Face value per share is Rs 10.
The Central Electricity Regulatory Commission (CERC) tariff order for Barsingsar thermal power station was received on 10 July 2015 for the period from COD 29 December 2011/30 January 2012 to 31 March 2014. The order has the effect of reducing the sale of power by Rs 133.63 crore upto 30 June 2015 and increase in interest expenditure of Rs 35.04 crore. The company being aggrieved over many of the issues in the CERC order has filed a review & stay petition before the CERC for not giving effect to the order. Hence the company has not given effect to the CERC order in its books of accounts.
As per the shareholding pattern as on 30 June 2015, the Government of India holds 90% stake in the company.
Powered by Capital Market - Live News
