For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Coffee Day Enterprises Plunge After Company Defers Earning Results

|

Shares of Coffee Day Enterprises

plunged in trade today by as much as 5% after the company due to probe of its accounts has deferred the announcement of its second quarter and half-yearly earnings. In accordance with the filing with the exchanges, the probe action will take some more weeks for completing.

Coffee Day Enterprises Plunge After Company Defers Earning Results
 

At the same time, Sanjay Nayar has quit the board of Coffee Day Enterprises and his resignation has been accepted by the board yesterday.

In the previous quarter, the company reported a net profit to the tune of Rs. 1509 crore as it made a one-time gain of Rs. 1659 crore from stake sale in Mindtree.

The company's debt has accumulated to Rs. 4970 as per the regulatory filing on August 17

The stock pared its early losses and was last seen trading at Rs. 42.50 versus previous session's close of Rs. 43.30 on the BSE.

GoodReturns.in

Story first published: Thursday, November 14, 2019, 10:52 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more