I G Petrochemicals lost 1.12% to Rs 522 at 12:47 IST on BSE, with the stock sliding on profit booking after recent sharp rally.
Meanwhile, the S&P BSE Sensex was down 3.12 points or 0.01% at 31,658.85. The S&P BSE Small-Cap index rose 101.42 points or 0.62% at 16,356.59.
On the BSE, 8,137 shares were traded on the counter so far as against the average daily volumes of 18,973 shares in the past one quarter. The stock had hit a high of Rs 539 so far during the day, which is a record high. The stock hit a low of Rs 516 so far during the day. The stock had hit a 52-week low of Rs 164.95 on 7 September 2016.
The stock had outperformed the market over the past one month till 6 September 2017, advancing 17.53% compared with the Sensex's 2.05% fall. The stock had also outperformed the market over the past one quarter, gaining 33.61% as against the Sensex's 1.51% rise. The scrip had also outperformed the market over the past one year, advancing 212.92% as against the Sensex's 9.26% rise.
The small-cap company has equity capital of Rs 30.79 crore. Face value per share is Rs 10.
Shares of I G Petrochemicals had spurted 21.62% in the preceding six trading sessions to settle at Rs 527.90 yesterday, 6 September 2017, from its close of Rs 434.05 on 29 August 2017.
I G Petrochemicals' net profit rose 30.1% to Rs 39.10 crore on 15.8% growth in net sales to Rs 295.92 crore in Q1 June 2017 over Q1 June 2016.
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I G Petrochemicals is a player in Phthalic Anhydride (PAN) which is used in industries such as flexible PVC, plastics, paints, construction, transportation and marine. It is one of the lowest cost producers of PAN globally.
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