Hot Pursuit     08-Aug-11
Sandur Manganese & Iron Ores at 52-week low after poor Q1 numbers
Sandur Manganese & Iron Ores tumbled 8.93% to Rs 473.45 at 11:22 IST on BSE, after net profit plunged 70.1% to Rs 8.59 crore on 25.4% fall in net sales to Rs 74.24 crore in Q1 June 2011 over Q1 June 2010.

The result was announced on Saturday, 6 August 2011.

Meanwhile, the BSE Sensex was down 473.77 points, or 2.74%, to 16,832.10.

On BSE, 11,303 shares were traded in the counter as against an average daily volume of 16,823 shares in the past one quarter.

The stock hit a low of Rs 463 so far during the day, which is a 52-week low for the counter. The stock hit a high of Rs 505 so far during the day. The stock had hit a 52-week high of Rs 1097.70 on 12 November 2010.

The stock had underperformed the market over the past one month till 5 August 2011, declining 11.86% compared with the Sensex's 7.68% fall. The scrip had also underperformed the market in past one quarter, falling 8.25% as against 4.97% decline in the Sensex.

The small-cap miner has an equity capital of Rs 8.75 crore. Face value per share is Rs 10.

Sandur Manganese & Iron Ores is engaged in the business of mining manganese and iron ore, producing sponge iron, project consultancy and supervision.

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  SMIORE soars after Environment Ministry grants EC for raising iron ore production
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