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Goa Carbon gallops to 52-week high after blockbuster Q4 outcome

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Capital Market
Last Updated : Apr 12 2017 | 11:47 AM IST

Goa Carbon jumped 15.05% to Rs 151.40 at 11:16 IST on BSE after net profit surged 1139.02% to Rs 5.08 crore on 13.16% rise in total income from operations (net) to Rs 76.37 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours yesterday, 11 April 2017.

Meanwhile, the S&P BSE Sensex was down 151.65 points or 0.51% at 29,636.70. Meanwhile, the S&P BSE Small-Cap index was down 109.35 points or 0.73% at 14,815.52.

On BSE, so far 7.57 lakh shares were traded in the counter as against average daily volume of 32,528 shares in the past one quarter. The stock hit a high of Rs 154.90 in intraday trade so far, which is 52-week high for the counter. The stock hit a low of Rs 138.70 so far during the day. The stock had hit a 52-week low of Rs 76.35 on 25 May 2016.

The stock had outperformed the market over the past one month till 11 April 2017, rising 23.39% compared with 2.91% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, gaining 7.82% as against Sensex's 9.76% rise.

The small-cap company has equity capital of Rs 9.15 crore. Face value per share is Rs 10.

Goa Carbon is engaged in the business of manufacturing and marketing of calcined petroleum coke.

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First Published: Apr 12 2017 | 11:24 AM IST

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