Gujarat Alkalies & Chemicals rose 2.93% to Rs 193.30 at 11:04 IST on BSE after the company said it has successfully commissioned sodium chlorate plant with a capacity of 20,000 tonnes per annum at its Dahej Complex.
The announcement was made on Saturday, 5 April 2014.
Meanwhile, the S&P BSE Sensex was down 92.98 points or 0.42% at 22,266.52.
On BSE, so far 3,040 shares were traded in the counter as against average daily volume of 10,598 shares in the past one quarter.
The stock hit a high of Rs 194.70 and a low of Rs 190 so far during the day. The stock had hit a 52-week high of Rs 200 on 5 July 2013. The stock had hit a 52-week low of Rs 135.20 on 28 October 2013.
The stock had outperformed the market over the past one month till 4 April 2014, surging 12.52% compared with the Sensex's 5.42% rise. The scrip had also outperformed the market in past one quarter, jumping 15.36% as against Sensex's 7.23% rise.
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The small-cap company has equity capital of Rs 73.44 crore. Face value per share is Rs 10.
Gujarat Alkalies & Chemicals said that the company has successfully commissioned sodium chlorate plant with a capacity of 20,000 tonnes per annum (TPA) at its Dahej Complex and the commercial production has been achieved on 29 March 2014. The estimated annual revenue of the products to be manufactured in this Plant at full capacity would be approx. Rs 100 crore considering the prevailing market price.
Gujarat Alkalies & Chemicals' net profit rose 5.6% to Rs 35.22 crore on 22.2% growth in net sales to Rs 508.94 crore in Q3 December 2013 over Q3 December 2012.
Gujarat Alkalies & Chemicals is the largest producer caustic soda in India.
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