Hot Pursuit
Home >> Markets >> Equity >> News >> Hot Pursuit Detailed News
Lanco Infratech crashes on liquidation woes
(15:12, 19 Jun 2017)
The announcement was made on Saturday, 17 June 2017.

Meanwhile, the S&P BSE Sensex was up 262.47 points or 0.85% at 31,318.87. The S&P BSE Small-Cap index declined 11.34 points or 0.07% at 15,655.90.

On the BSE, 52.33 lakh shares were traded on the counter so far as against the average daily volumes of 5.82 lakh shares in the past one quarter. The stock had hit a high of Rs 2.28 so far during the day. The stock hit a low of Rs 1.88 so far during the day, which is a record low. The stock had hit a 52-week high of Rs 5.61 on 20 July 2016.

The stock had underperformed the market over the past one month till 16 June 2017, sliding 30.27% compared with the Sensex's 1.55% rise. The stock had also underperformed the market over the past one quarter, declining 34.36% as against the Sensex's 4.97% rise. The scrip had also underperformed the market over the past one year, declining 50.32% as against the Sensex's 17.08% rise.

The small-cap company has equity capital of Rs 331.41 crore. Face value per share is Rs 1.

The Reserve Bank of India (RBI) directed IDBI Bank, the lead bank of Lanco Infratech (LITL) to initiate Corporate Insolvency Resolution Process (CIRP) for LITL under the Insolvency and Bankruptcy Code, 2016.

On consolidated basis, Lanco Infratech reported net loss of Rs 584.73 crore in Q4 March 2017, higher than net loss of Rs 128.19 crore in Q4 March 2016. Net sales declined 4% to Rs 1982.68 crore in Q4 March 2017 over Q4 March 2016.

Lanco Infratech is an integrated infrastructure developer in India. The company has subsidiaries and divisions across multiple business verticals.

Powered by Capital Market - Live News

Adani Ports & Special Economic Zone Ltd     406.20   Down   -0.85 (-0.21%)   Ambuja Cements Ltd     282.20   Up   0.40 (0.14%)   Asian Paints Ltd     1,222.90   Up   48.75 (4.15%)   Aurobindo Pharma Ltd     742.70   Down   -8.25 (-1.10%)   Axis Bank Ltd     451.95   Up   2.00 (0.44%)   Bajaj Auto Ltd     3,210.05   Down   -7.60 (-0.24%)   Bajaj Finance Ltd     1,826.05   Down   -7.70 (-0.42%)   Bharat Petroleum Corporation Ltd     509.65   Down   -1.65 (-0.32%)   Bharti Airtel Ltd     502.05   Up   4.70 (0.95%)   Bharti Infratel Ltd     453.30   Up   4.30 (0.96%)   Bosch Ltd     21,320.50   Up   37.95 (0.18%)   Cipla Ltd     595.05   Up   2.15 (0.36%)   Coal India Ltd     289.70   Down   -0.15 (-0.05%)   Dr Reddys Laboratories Ltd     2,363.65   Down   -2.55 (-0.11%)   Eicher Motors Ltd     31,483.30   Up   312.50 (1.00%)   GAIL (India) Ltd     444.25   Up   9.10 (2.09%)   HCL Technologies Ltd     914.55   Down   -22.70 (-2.42%)   HDFC Bank Ltd     1,867.10   Up   3.80 (0.20%)   Hero Honda Motors Ltd     3,755.40   Down   -35.85 (-0.95%)   Hindalco Industries Ltd     268.85   Down   -3.05 (-1.12%)   Hindustan Petroleum Corporation Ltd     466.00   Up   6.90 (1.50%)   Hindustan Unilever Ltd     1,270.05   Up   20.10 (1.61%)   Housing Development Finance Corporation Ltd     1,722.30   Down   -0.10 (-0.01%)   ICICI Bank Ltd     266.55   Up   4.00 (1.52%)   Indiabulls Housing Finance Ltd     1,342.55   Up   4.80 (0.36%)   Indian Oil Corporation Ltd     407.70   Up   3.25 (0.80%)   IndusInd Bank Ltd     1,664.90   Down   -30.60 (-1.80%)   Infosys Technologies Ltd     926.50   Down   -13.00 (-1.38%)   ITC Ltd     267.00   Down   -0.05 (-0.02%)   Kotak Mahindra Bank Ltd     1,065.70   Up   4.15 (0.39%)   Larsen & Toubro Ltd     1,142.55   Up   6.80 (0.60%)   Lupin Ltd     1,026.35   Down   -12.10 (-1.17%)   Mahindra & Mahindra Ltd     1,350.65   Down   -16.40 (-1.20%)   Maruti Suzuki India Ltd     7,875.00   Up   56.50 (0.72%)   NIFTY (S&P CNX)     10,207.70   Up   22.85 (0.22%)   NTPC Ltd     181.65   Up   4.70 (2.66%)   Oil & Natural Gas Corpn Ltd     176.00   Up   4.30 (2.50%)   Power Grid Corporation of India Ltd     215.05   Up   1.50 (0.70%)   Reliance Industries Ltd     934.25   Down   -5.50 (-0.59%)   State Bank of India     254.45   Up   8.50 (3.46%)   Sun Pharmaceuticals Industries Ltd     534.55   Down   -5.85 (-1.08%)   Tata Consultancy Services Ltd     2,578.40   Down   -9.50 (-0.37%)   Tata Motors Ltd     416.05   Down   -6.70 (-1.58%)   Tata Steel Ltd     719.30   Up   7.30 (1.03%)   Tech Mahindra Ltd     454.80   Down   -8.30 (-1.79%)   UltraTech Cement Ltd     4,227.10   Up   22.05 (0.52%)   UPL Ltd     799.15   Up   20.80 (2.67%)   Vedanta Ltd     333.65   Up   4.45 (1.35%)   Wipro Ltd     296.80   Down   -0.10 (-0.03%)   Yes Bank Ltd     347.60   Down   -6.30 (-1.78%)   Zee Entertainment Enterprises Ltd     525.95   Up   34.30 (6.98%)      NSE Data  -  www.nseindia.com (5 minutes delayed) syndicated by www.cmots.com