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Hindustan Organic Chemicals drops on profit booking

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Capital Market
Last Updated : Jan 06 2016 | 12:02 AM IST

Hindustan Organic Chemicals fell 1.84% to Rs 21.35 at 13:07 IST on BSE, with the stock declining on profit booking after gaining 36.36% in preceding three trading sessions.

Meanwhile, the S&P BSE Sensex was up 31.31 points or 0.12% at 25,654.66

On BSE, so far 3.39 lakh shares were traded in the counter as against average daily volume of 42,591 shares in past one quarter. The stock hit a high of Rs 22.70 and a low of Rs 20.65 so far during the day. The stock hit a 52-week high of Rs 25 on 2 January 2015. The stock had hit a 52-week low of Rs 10.55 on 7 September 2015. The stock had outperformed the market over the past one month till 4 January 2016, rising 39.42% compared with 0.06% decline in the Sensex. The scrip also outperformed the market in past one quarter, gaining 84.32% as against Sensex's 2.28% fall.

The small-cap company has equity capital of Rs 67.17 crore. Face value per share is Rs 10.

Shares of Hindustan Organic Chemicals were on a roll recently gaining 36.36% in three trading sessions to settle at Rs 21.75 yesterday, 4 January 2016 from a recent low of Rs 15.95 on 30 December 2015.

Hindustan Organic Chemicals reported a net loss of Rs 48.08 crore in Q2 September 2015, higher than net loss of Rs 40.06 crore in Q2 September 2014. Net sales jumped 212.7% to Rs 27.02 crore in Q2 September 2015 over Q2 September 2014.

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Hindustan Organic Chemicals manufactures basic organic chemicals.

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First Published: Jan 05 2016 | 1:16 PM IST

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