Around 12.45 p.m., the company’s stock price on the National Stock Exchange slumped around 15.28 per cent to touch the intra-day low of Rs 34.10
At 3.15 p.m., its stock price recovered to Rs 37.90, lower by Rs 2.35 or 5.84 per cent from the previous close.
“The company incurred a net loss of Rs 4,977 lakh during the quarter ended December 31, 2018 and the net worth of the company has been fully eroded,” the auditor said in a NSE filing on Tuesday.
It also raised doubts over the company’s ability to continue as a going concern.
–IANS
rrb/mr
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