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NLC India declines on reporting 14% fall in Q2 net profit

09 Dec 2016 Evaluate

NLC India is currently trading at Rs 79.50, down by 0.80 points or 1% from its previous closing of Rs. 80.30 on the BSE.

The scrip opened at Rs. 79.60 and has touched a high and low of Rs. 79.80 and Rs. 78.40 respectively. So far 6109 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 86.35 on 03-Nov-2016 and a 52 week low of Rs. 60.35 on 01-Mar-2016.

Last one week high and low of the scrip stood at Rs. 81.90 and Rs. 76.30 respectively. The current market cap of the company is Rs. 13321.01 crore.

The promoters holding in the company stood at 90.00%, while Institutions and Non-Institutions held 8.31% and 1.69% respectively.

NLC India reported 13.62% fall in its net profit at Rs 300.42 crore for the quarter ended September 30, 2016 as compared to Rs 347.79 crore for the same quarter in the previous year. However, total income of the company increased by 15.79% at Rs 2148.28 crore for the quarter under review as compared Rs 1855.31 crore for the corresponding quarter previous year.

NLC India is engaged in the business of lignite mining and power generation. At present, the company has four opencast lignite mines.

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