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Nov 15, 2012, 12.18 PM IST | Source: Moneycontrol.com

Gammon India loses 13% on loss in September quarter

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.

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.

Gammon India stock price

On October 22, 2014, Gammon India closed at Rs 30.70, down Rs 1.2, or 3.76 percent. The 52-week high of the share was Rs 44.70 and the 52-week low was Rs 11.70.


The latest book value of the company is Rs 76.60 per share. At current value, the price-to-book value of the company was 0.40.

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