Manali Petrochemicals tumbled 6.53% to Rs 33.65 at 10:39 IST on BSE after net profit fell 80.6% to Rs 2.14 crore on 6.5% decline in net sales to Rs 145.38 crore in Q1 June 2017 over Q1 June 2016.
The result was announced after market hours yesterday, 4 September 2017.Meanwhile, the S&P BSE Sensex was up 92.79 points or 0.29% at 31,795.04. The S&P BSE Small-Cap index rose 146.04 points or 0.91% at 16,176.19.
On the BSE, 1.57 lakh shares were traded on the counter so far as against the average daily volumes of 1.09 lakh shares in the past one quarter. The stock had hit a high of Rs 34.45 and a low of Rs 33.05 so far during the day. The stock had hit a 52-week high of Rs 49.40 on 24 April 2017 and a 52-week low of Rs 29.50 on 9 November 2016.
The stock had outperformed the market over the past one month till 4 September 2017, advancing 0.56% compared with the Sensex's 1.93% fall. The stock had, however, underperformed the market over the past one quarter, gaining 0.7% as against the Sensex's 1.37% rise. The scrip had outperformed the market over the past one year, advancing 17.26% as against the Sensex's 11.11% rise.
The small-cap company has equity capital of Rs 86 crore. Face value per share is Rs 5.
Manali Petrochemicals is engaged in the business of manufacture of petrochemicals. The company is engaged in offering polyols and propylene glycol.
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