Nov 15, 2012, 12.18 PM | Source: Moneycontrol.com
Shares of Gammon India dropped nearly 13 percent, hitting a new 52-week low of Rs 35.70 on Thursday following a loss reported in the quarter ended September 2012.
Construction company has posted a net loss at Rs 39.4 crore in the quarter as against profit of Rs 4.1 crore in the same quarter last year. Net sales declined marginally to Rs 1,086.2 crore from Rs 1,101.7 crore during the same period.
At 12:09 hours IST, the stock fell 5.6 percent to Rs 38.70 on the Bombay Stock Exchange. Market capitalisation of the company currently stands at Rs 528.26 crore.