Videocon Locked In Lower Circuit For 12th Straight Trading Sessions

Videocon Industries has locked in its lower circuit for the 12th consecutive trading sessions on Monday. The stock has lost around 68% on YTD basis.

Videocon is already stuffed under bad loans.  Dena Bank, Central Bank has already declared it as NPA.  This has resulted in some negative publicity and impacted the stock price of the company.

Videocon Industries reported net loss touched Rs 547.73 crore in Q4 March 2017 as against net loss of Rs 189.59 crore in Q4 March 2016. Net sales declined 28.26% to Rs 1985.85 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours on Friday, 26 May 2017.

Videocon Industries operates in four segments consumer electronics and home appliances, crude oil and natural gas, telecommunications and power.

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