NLC India Ltd on Tuesday recorded a 37.1 per cent fall in standalone net profit at Rs. 230.75 crore for the June 30, 2016 quarter end, mostly because of higher expenses. The company had clocked a net profit of Rs. 366.90 crore in the corresponding quarter last year, as per NLC’s filing . The total income of the company rose to Rs. 1,974.10 crore, from Rs. 1,965.79 crore in the same quarter of the previous financial year. The total expenses of the company grew to Rs. 1,621.22 crore, from Rs. 1,415.81 crore in the year-ago period.
NLC share price is trading at a fall of 2.41% at Rs. 73.00. The stock opened at Rs. 74.70 against its previous closing at Rs. 74.89. The opening value remained its day’s high whereas the day’s low is seen at Rs. 72.80. Today’s trading session saw approximately 98,631 being traded in the counter with a traded value of Rs. 72.64 lacs.
The 52 week high of NLC share price is observed at Rs. 87.85 on 1st Dec 15 while the 52 week low is seen at Rs. 60.05 on 1stMarch ‘16. NLC is one of the top 500 performing stocks recommended by Dynamic Levels for this quarter amongst the 1700 stocks listed on NSE. The lower price band of NLC share price is Rs. 59.85 whereas the upper price band of the stock is seen at Rs. 89.75. In order to acquire further details on the support and resistance refer to NLC share price forecast.
No comments:
Post a Comment