Graphite India lost 2.96% to Rs 150.80 at 10:12 IST on BSE, with the stock sliding on profit booking after recent sharp rally.
Meanwhile, the S&P BSE Sensex was down 63.68 points or 0.2% at 31,227.06. The S&P BSE Small-Cap index declined 209.74 points or 1.34% at 15,399.75.
On the BSE, 87,000 shares were traded on the counter so far as against the average daily volumes of 67,279 shares in the past one quarter. The stock had hit a high of Rs 160.80 so far during the day, which is also its record high. The stock hit a low of Rs 150.70 so far during the day. The stock had hit a 52-week low of Rs 70.10 on 30 September 2016.
The stock had outperformed the market over the past one month till 22 June 2017, advancing 40.32% compared with the Sensex's 2.35% rise. The stock had also outperformed the market over the past one quarter, gaining 41.4% as against the Sensex's 7.28% rise. The scrip had also outperformed the market over the past one year, advancing 108.31% as against the Sensex's 16.91% rise.
The small-cap company has equity capital of Rs 39.08 crore. Face value per share is Rs 2.
Shares of Graphite India had surged 32.31% in the preceding eight trading sessions to settle at Rs 155.40 yesterday, 22 June 2017, from its close of Rs 117.45 on 12 June 2017.
Graphite India's net profit spurted 117% to Rs 61.97 crore on 7.2% increase in net sales to Rs 366.22 crore in Q4 March 2017 over Q4 March 2016.
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Graphite India is engaged in the manufacture of graphite electrodes including carbon and graphite specialty products.
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