IFCI and Indo Count Industries lose mileage by over 6%
DSIJ Intelligence / 11 Aug 2017
IFCI and Indo Count Industries have reported their Q1FY18 results on Thursday. The stocks witnessed a dip of over 5% during Friday’s trade at 0945 hours.
IFCI and Indo Count Industries have reported their Q1FY18 results on Thursday. The stocks witnessed a dip of over 5% during Friday’s trade at 0945 hours.
IFCI’s total income decreased 43.84% to Rs 468 crore in Q1FY18 on a yearly basis. Its net loss widened to Rs 276 crore in Q1FY18 against net loss of Rs 110 crore in Q1FY17. IFCI slipped over 6.78% at Rs 21.30 per share on the BSE. The stock traded on a new 52-week low value of 20.60 per share on the BSE. The stock has also breached its lower circuit of Rs 20.60 per share.
The stock on the NSE attracted a total traded volume of 52,12,709 shares and a traded value of Rs 1,099.36 lakh.
Indo Count Remedies’ revenue declined 12.34% to Rs 432 crore in Q1FY18 on a yearly basis. The company’s PAT dropped almost by a half to Rs 30 crore in Q1FY18 on a YoY basis. Indo Count Industries’ stock traded on a 52-week low value of Rs 119.90 per share. The stock slipped 5.64% at Rs 125.30 per share on the BSE. The stock on BSE witnessed a total traded quantity of 1.30 lakhs.
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