C M C shares fell on Thursday after the company reported a lower than expected increase in net profit for the quarter ended June 2014.  During the quarter, the profit of the company rose 9.98% to Rs 584.30 million from Rs 531.30 million in the same quarter last year.

Net sales for the quarter rose 21.93% to Rs 5,926 million, compared with Rs 4,860 million for the prior year period.

Shares of the company are trading at Rs 1,873.75, down Rs 105.30, or 5.32% at the Bombay Stock Exchange (BSE) on Thursday at 11:47 a.m.

The scrip has touched an intra-day high of Rs 1,930 and low of Rs 1,850. The total volume of shares traded at the BSE is 48,822.