Coal India Shares Slip 3%, Hits 52-Week Low On Q4 Earnings
Offers of Coal India today fell almost 3 for every penny to hit its one-year low after the organization announced 38 for every penny decrease in merged net benefit for the quarter finished March 31.
The stock declined by 2.85 for each penny to Rs. 260 – its 52-week low – on BSE.
At NSE, offers of the organization went around 2.91 for each penny to hit its one-year low of Rs. 259.50.
State-claimed Coal India yesterday revealed 38 for each penny decrease in combined net benefit at Rs. 2,716 crores for the final quarter because of higher costs.
Coal India Ltd (CIL) had posted a solidified net benefit of Rs. 4,398 crore in the relating quarter of past financial.
The solidified wage of the organization expanded to Rs. 26,635.9 crore in the last quarter of FY2016-17, from Rs. 24,583.8 crore in the January-March quarter of 2015-16, the PSU said in a documenting to the BSE.