BT Online Last Updated: August 16, 2017 | 16:48 IST
The Coal India stock on Wednesday fell in early trade on lower than expected Q1 earnings this fiscal.
The stock fell as much as 2 per cent to 234 level, recovering lost ground by 11:43 am to trade at 236 level or 0.78 percent lower on the BSE.
The stock closed 0.67 percent or 1.67 points lower at 237.05 level on the BSE.
On Monday, the state-owned firm posted a 23 per cent decline in consolidated profit at Rs 2,351.2 crore for the quarter ended June 30, 2017, due to higher expenses.
The company had posted a consolidated profit of Rs 3,065.2 crore in the year-ago period.
However, CIL's consolidated income during April-June quarter was at Rs 21,774.4 crore, registering an increase of 4.5 per cent.
The firm's consolidated expenses increased to Rs 17,836.7 crore in April-June this year, over Rs 16,197.8 crore in the year-ago period.
Meanwhile, the Sensex was trading 38 points or 0.12 percent higher and the Nifty was up 7.15 points or 0.07 percent at 9,801 level.
