IOC, SKS Microfinance, Voltas hit 52-week low

NEW DELHI, Nov 11 (Economic Times): Shares of IOC Ltd, SKS Microfinance and Voltas hit 52-week low in trade today on BSE. More than 100 stocks are trading at their year low on BSE. Indian Oil Corporation declared disappointing results on November 9th. The company has suffered a big dent in the second quarter of the current fiscal by posting a net loss of Rs 74.86 billion. It had posted a net profit of Rs 52.94 billion for the same quarter last fiscal. The average Gross Refining Margins for the period April-September 2011 stood at $2.42 per barrel from $4.71 per barrel in the corresponding period last year. At 11:00 a.m., shares of the company were trading 2.6 per cent lower at Rs 280.50. The stock has hit its 52-week low of Rs 275.30 in early trade. For the year the stock has plunged over 18 per cent.