Monday, November 15, 2010

Ispat Industries tumbles on higher quarterly net loss

The stock had underperformed the market over the past one month till 12 November 2010, falling 10.18% compared with the Sensex's 0.23% fall. However, it outperformed the market in past one quarter, rising 14.37% as against 11.52% rise in the Sensex

The mid-cap steel maker has an equity capital of Rs 1222.44 crore. Face value per share is Rs 10.

Ispat Industries' net sales rose 6% to Rs 2154.97 crore in the quarter ended September 2010 over in the quarter ended September 2009. The result was announced after market hours on Friday, 12 November 2010.

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