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National Steel and Agro Industries rises despite reporting net loss of Rs 39.91 crore in Q1

31 Aug 2018 Evaluate

National Steel & Agro Industries is currently trading at Rs. 11.98, up by 0.22 points or 1.87% from its previous closing of Rs. 11.76 on the BSE.

The scrip opened at Rs. 11.18 and has touched a high and low of Rs. 12.10 and Rs. 11.18 respectively. So far 30594 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 51.50 on 28-Nov-2017 and a 52 week low of Rs. 10.30 on 05-Jul-2018.

Last one week high and low of the scrip stood at Rs. 13.29 and Rs. 11.18 respectively. The current market cap of the company is Rs. 53.40 crore.

The promoters holding in the company stood at 49.87%, while Institutions and Non-Institutions held 0.12% and 50.00% respectively.

National Steel and Agro Industries has reported net loss of Rs 39.91 crore for the quarter ended June 30, 2018 as against net profit of Rs 8.22 crore for the same quarter in the previous year. Total income of the company decreased by 55.83% at Rs 471.54 crore for Q1FY19 as compared Rs 1,067.46 crore for the corresponding quarter previous year.

National Steel and Agro Industries processes hot rolled (HR) steel to produce cost effective, quality steel products that find application across industries as diverse as construction, automobile, packaging and agriculture.

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