/ Diamond Power Plummets As Q4 Loss Widens ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 21 April 2017

Shares of Diamond PowerBSE -3.30 % and Infrastructure tumbled over 6 per cent in Friday’s session after the smallcap firm said its losses widened to Rs 316.83 crore in the March quarter. 

The company had reported a net loss of Rs 203.85 crore in the corresponding quarter last year. 

Total income during the quarter dived to Rs 197.08 crore compared with Rs 739.39 crore in the same quarter last year. Following the weak set of numbers, the scrip declined 6.2 per cent to hit a low of Rs 35.5 on BSE. The scrip has fallen 14 per cent in the past one month. 

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