The company has been running losses for quite some time now. For the quarter ended September 2014, the company reported a net loss of Rs. 120 crore while total revenue stood at Rs. 524 crore.
The stock continues to trade on a firm note and is now up 16.7 per cent at Rs. 8.75. The counter has seen 14-fold jump in volume with trades of around 412,000 shares as against the two-week daily average volume of around 29,000 shares on the BSE.
Meanwhile, the Sensex has slipped 20 points to 27,376.