Crompton Greaves shares plunged 8 per cent in early trade to register their 52-week low of Rs 100 on Wednesday after the power equipment manufacturer reported a loss of Rs 189 crore for the three months to December 2012.
The stock, however, recovered to trade at Rs 107.4, still a fall of 1.1 per cent over the previous day's close.
The 52-week high for the stock is Rs 167.
Crompton Greaves, on Tuesday, after market hours said its sales declined 2 per cent for the September-December quarter to Rs 2,972 crore against Rs 3,028 crore year-on-year. Its adjusted losses were Rs 93 crore against a profit of Rs 75 crore year-on-year.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.