The company's Q1 consolidated net declined by 6.7% to Rs. 3,764 crore when compared with Rs. 4,033 crore in the corresponding quarter a year ago.
The company's Q1 consolidated net declined by 6.7 percent to Rs. 3,764 crore when compared with Rs. 4,033 crore in the corresponding quarter a year ago. Total income, however, rose by almost 5 percent to Rs. 20,965 crore from Rs. 19,980 crore.
According to reports, the government will be offloading 10% equity stake in the company through a public offer, as a part of its divestment scheme.
The stock had jumped to a high of Rs. 376, from where it tumbled to a low of Rs. 365 - down almost 3 percent in intra-day deals. The stock is now down 1.2 percent at Rs. 367. The counter has seen trades of around 142,000 shares as against the two-week daily average volume of around 449,000 shares on the BSE.
Meanwhile, the Sensex has gained 181 points at 27,694.
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