Jindal Stainless Ltd dropped 9.9 per cent to Rs 46.05, their lowest since January 30, 2017 as the stainless steel maker has posted a Q2 loss of Rs 36.44 crore compared with a profit of Rs 27.3 crore last year.
The company said that the results were hurt by a one-time loss of Rs 53.16 crore due to mark-to-market forex losses. The stock marked sharpest intraday percentage fall in over 4 weeks. Up to last close, the stock had fallen 51 per cent this year.