Goa Carbon slumped 8.46% to Rs 115.30 at 13:40 IST on BSE after the company reported net loss of Rs 1.09 crore in Q3 December 2016 compared with net loss of Rs 0.9 crore in Q3 December 2015.
The result was announced during market hours today, 13 January 2017.Meanwhile, the S&P BSE Sensex was down 13.31 points or 0.06% at 27,231.38.
Huge volumes were witnessed on the counter. On the BSE, 2.1 lakh shares were traded on the counter so far as against the average daily volumes of 39,347 shares in the past one quarter. The stock had hit a high of Rs 129.50 and a low of Rs 112 so far during the day. The stock had hit a 52-week high of Rs 141 on 6 October 2016 and a 52-week low of Rs 62.10 on 17 February 2016.
The stock had outperformed the market over the past one month till 12 January 2017, rising 24.83% compared with 2.76% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, dropping 3.41% as against Sensex's 2.97% decline.
The small-cap company has equity capital of Rs 9.15 crore. Face value per share is Rs 10.
Goa Carbon's net total income from operations dropped 19.87% to Rs 71.95 crore in Q3 December 2016 over Q3 December 2015.
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Goa Carbon said that company's board of directors approved the payment of interim dividend of Rs 1.50 per share for the year ending 31 March 2017 (FY 2017).
Goa Carbon is engaged in the business of manufacture and marketing of calcined petroleum coke.
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