Mangalam Cement lost 2.81% to Rs. 117.40 at 12:37 IST on BSE, after the company reported net loss of Rs. 2.53 crore for Q3 December 2010 compared with a net profit ofRs. 26.77 crore in Q3 December 2009.
The company declared the results on Wednesday, 26 January 2011, when the stock market was closed on account of Republic day.
Meanwhile, the BSE Sensex was down 109.70 points, or 0.58%, to 18,859.75.
On BSE, 25,864 shares were traded in the counter compared with the average daily volume of 17,086 shares in the past one quarter.
The stock hit a high of Rs. 120 and a low of Rs. 115.05 so far during the day. The stock had hit a 52-week high of Rs. 218 on 23 April 2010 and a 52-week low of Rs. 105 on 10 December 2010.
The small-cap stock had underperformed the market over the past one month till 25 January 2011, declining 6.79% compared with the Sensex's 5.50% fall. It had also underperformed the market in past one quarter, falling 20.42% as against Sensex's decline of 6.57%.
The company has an equity capital of Rs. 28.03 crore. Face value per share is Rs. 10.
Mangalam Cement's net sales declined 25.6% to Rs. 109.75 crore in Q3 December 2010 over Q3 December 2009.
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