Hindustan Copper, a Government-owned corporation, witnessed a fall in share price on Friday after it disclosed a substantial drop in standalone net profit for the quarter ended December 2014.  During the quarter, the profit of the company declined 84.64% to Rs 105.90 million from Rs 689.60 million  in the same quarter last year.

Net sales for the quarter declined 43.50% to Rs 2,413.10 million, compared with Rs 4,270.60 million for the prior year period.

Shares of the company are trading at Rs 68.35, down Rs 2.8, or 3.94% at the Bombay Stock Exchange (BSE) on Friday at 10:42 a.m.

The scrip has touched an intra-day high of Rs 69.40 and low of Rs 68.35. The total volume of shares traded at the BSE is 36,645.