Gujarat State Fertilizers & Chemicals lost 4.77% to Rs 93.80 at 11:12 IST on BSE after net profit fell 12.05% to Rs 125.01 crore on 8.62% fall in net sales to Rs 1637.82 crore in Q2 September 2016 over Q2 September 2015.
The Q2 result was announced after market hours yesterday, 24 October 2016.Meanwhile, the S&P BSE Sensex was down 123.84 points or 0.44% at 28,055.24
On BSE, so far 7.58 lakh shares were traded in the counter as against average daily volume of 4.39 lakh shares in the past one quarter. The stock hit a high of Rs 96.90 and a low of Rs 92.30 so far during the day. The stock had hit a 52-week high of Rs 102.50 yesterday, 24 October 2016. The stock had hit a 52-week low of Rs 57.65 on 12 February 2016. The stock had outperformed the market over the past 30 days till 24 October 2016, rising 28.34% compared with 1.71% decline in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 33.2% as against Sensex's 0.72% rise.
The mid-cap company has equity capital of Rs 79.70 crore. Face value per share is Rs 2.
Gujarat State Fertilizers & Chemicals (GSFC) is engaged in manufacturing and marketing fertilizers, petrochemicals, chemicals, industrial gases, plastics, fibers and other products.
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