Advertisement
trendingNowenglish2010374https://zeenews.india.com/markets/coal-india-shares-slip-3-to-hit-52-week-low-2010374.html

Coal India shares slip 3% to hit 52-week low

The stock declined by 2.85 percent to Rs 260 -- its 52- week low -- on BSE.

New Delhi: Shares of Coal India on Tuesday fell nearly 3 percent to hit its one-year low after the company reported 38 percent decline in consolidated net profit for the quarter ended March 31.

The stock declined by 2.85 percent to Rs 260 -- its 52- week low -- on BSE.

At NSE, shares of the company went down by 2.91 percent to hit its one-year low of Rs 259.50.

State-owned Coal India yesterday reported 38 percent decline in consolidated net profit at Rs 2,716 crore for the fourth quarter due to higher expenses.

Coal India Ltd (CIL) had posted a consolidated net profit of Rs 4,398 crore in the corresponding quarter of previous fiscal.

The consolidated income of the company increased 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 filing to the BSE.

 

Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in india news and world News on Zee News.

NEWS ON ONE CLICK