Hot Pursuit     30-Oct-12
Jindal South West Holdings drops after weak Q2 numbers
Jindal South West Holdings fell 1.42% to Rs 557 at 12:36 IST on BSE after net profit fell 33.76% to Rs 13.97 crore on 27.1% decline in income from operations to Rs 17.51 crore in Q2 September 2012 over Q2 September 2011.

The company announced the results after market hours on Monday, 29 October 2012.

Meanwhile, the BSE Sensex was down 151.57 points or 0.81% to 18,484.25.

On BSE, 9,937 shares were traded in the counter as against average daily volume of 93,481 shares in the past one quarter.

The stock hit a high of Rs 571.50 and a low of Rs 555 so far during the day. The stock had hit a 52-week low of Rs 356.05 on 20 December 2011. The stock had hit a 52-week high of Rs 1,092 on 15 February 2012.

The stock had underperformed the market over the past one month till 29 October 2012, falling 11.14% compared with the Sensex's 0.68% fall. The scrip had also underperformed the market in past one quarter, rising 9.4% as against Sensex's 10.67% rise.

The small-cap company has equity capital of Rs 11.10 crore. Face value per share is Rs 10.

Jindal South West Holdings (JSWHL) is a non banking financial company (NBFC) registered with Reserve Bank of India (RBI). JSWHL is an investment company of the JSW promoters group with its investment mainly in Jindal Group of companies with other companies. The main business activities are investment in shares, stocks, or other securities in India or abroad and to provide management consultancy services.

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