CG Power plunges 29% on weak Q3 earnings
The other income of the company was at Rs 11.50 crore, while revenue rose 12 per cent at Rs 1,720 crore.
By ETMarkets.com | Updated:
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NEW DELHI: Shares of CG Power and Industrial Solutions plunged 29 per cent on Wednesday afternoon after the company reported a net loss of Rs 150 crore in December 2018 quarter.
The scrip closed at Rs 23.75, down 29.63 per cent while the benchmark BSE Sensex closed 0.33 per cent down at 36,034.11. It also touched a 52-week low of Rs 23.
The other income of the company was at Rs 11.50 crore, while revenue rose 12 per cent at Rs 1,720 crore.
Meanwhile, the shares of CG Power opened at Rs 32 on BSE against its previous closing of Rs 33.75.
The scrip closed at Rs 23.75, down 29.63 per cent while the benchmark BSE Sensex closed 0.33 per cent down at 36,034.11. It also touched a 52-week low of Rs 23.
The other income of the company was at Rs 11.50 crore, while revenue rose 12 per cent at Rs 1,720 crore.
Meanwhile, the shares of CG Power opened at Rs 32 on BSE against its previous closing of Rs 33.75.
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