For the fiscal year ended March this year, the company posted a net loss of Rs 56.17 crore. It had posted a net profit of 91.49 crore for the previous fiscal year, the filing said.
Nifty in a Choppy trend; Markets expected to remain stock specific Nifty has been trading in a choppy trend for the last six consecutive weeks, where rallies are sold in to and dips are getting bought in to. Sell on rallies and buy on dips kind of strategy has been playing out in the current market scenario as far as benchmark indices like Nifty and Bank Nifty are concerned. However primary trend of the Markets is bullish as short term moving averages are trading above medium to long term moving averages and Nifty has been holding higher tops and higher bottoms.