Thursday 28 January 2016

Neyveli Lignite Corp drops 4.3%; Q3 net profit falls 84.6%

The company has posted a net profit of Rs. 476.10 mn for the quarter ended December 31, 2015 compared with Rs. 3,094.70 mn for the quarter ended December 31, 2014.


Neyveli Lignite Corporation Ltd stock was lower by 4.3% at Rs. 71. The company has posted a net profit of Rs. 476.10 mn for the quarter ended December 31, 2015 compared with Rs. 3,094.70 million for the quarter ended December 31, 2014. 

Total Income has decreased from Rs. 17,015.30 million for the quarter ended December 31, 2014 to Rs. 14,108 mn for the quarter ended December 31, 2015.

The scrip opened at Rs. 73.8 and has touched a high and low of Rs. 74.05 and Rs. 71.2 respectively. So far 193040(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 12700.26 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 94.25 on 07-Aug-2015 and a 52 week low of Rs. 65.25 on 27-Mar-2015. Last one week high and low of the scrip stood at Rs. 76 and Rs. 71.1 respectively.

The promoters holding in the company stood at 90 % while Institutions and Non-Institutions held 8.41 % and 1.59 % respectively.

The stock is currently trading above its 50 DMA.

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