S Chand and Company hits new low; stock tanks 83% against IPO price

The stock tanked 14% to Rs 116 on the BSE, after the company posted 48% dropped in consolidated net profit at Rs 172 crore in March quarter, due to lower revenue and higher interest cost.

The stock tanked 14% to Rs 116 on the BSE, after the company posted 48% dropped in consolidated net profit at Rs 172 crore in March quarter, due to lower revenue and higher interest cost. http://bit.ly/2XbUrRp May 28, 2019 at 09:33PM

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