Renuka Sugars dips to 52-week low on poor results, company reported a net loss of Rs 618.5 crore for the quarter ended September 30 2011, Latest Stock Price
Shares of Shree Renuka Sugars fell sharply by up to 30.36% to a one-year low on the bourses today after the company reported a net loss of Rs 618.5 crore for the quarter ended September 30.
Hit by the disappointing numbers, the company's shares nosedived by 30.36% to a 52-week low of Rs 36 on the BSE. The scrip received similar drubbing on the NSE, plummeting by 29.87% to a one-year low of Rs 36.15.
The scrip of the country's largest sugar refiner trimmed some of the losses in later trade and was being quoted at Rs 41.25, down 20.21% from its previous close, at 1125 hours.
The result was announced after trading hours on Friday.
Due to higher interest and huge foreign exchange losses, Shree Renuka Sugars reported a net loss of Rs 618.5 crore for the quarter ended September 30.
The company had posted a net profit of Rs 127.8 crore for the same period last year.
src-BS
LATEST STOCK PRICE
Shares of Shree Renuka Sugars fell sharply by up to 30.36% to a one-year low on the bourses today after the company reported a net loss of Rs 618.5 crore for the quarter ended September 30.
Hit by the disappointing numbers, the company's shares nosedived by 30.36% to a 52-week low of Rs 36 on the BSE. The scrip received similar drubbing on the NSE, plummeting by 29.87% to a one-year low of Rs 36.15.
The scrip of the country's largest sugar refiner trimmed some of the losses in later trade and was being quoted at Rs 41.25, down 20.21% from its previous close, at 1125 hours.
The result was announced after trading hours on Friday.
Due to higher interest and huge foreign exchange losses, Shree Renuka Sugars reported a net loss of Rs 618.5 crore for the quarter ended September 30.
The company had posted a net profit of Rs 127.8 crore for the same period last year.
src-BS
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