Gammon India crashes, hits 52-week low on big loss in Q3

Gammon India crashed nearly 20 percent to touch a new 52-week low of Rs 26 on Friday after reporting huge loss in the third quarter.

February 15, 2013 / 15:32 IST

26 Aug, 2025 12:21

Volume

Todays L/H

Gammon India crashed nearly 20 percent to touch a new 52-week low of Rs 26 on Friday after reporting a huge loss in the third quarter.

The company posted a net loss of Rs 261 crore for the quarter ending December 2012 as against a profit of Rs 1 crore in a year ago period.

Meanwhile, net sales have seen a marginal growth to Rs 1,216.5 crore from Rs 1,184.7 crore during the same period.

At 15:24 hours IST, shares dropped 19 percent to Rs 26.25 amid hefty volumes on Bombay Stock Exchange.

Trading volumes jumped 10 times to 2,33,302 equity shares as against five day average of 23,275 shares.

first published: Feb 15, 2013 03:31 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347