Supreme Petrochem lost 9.84% to Rs 67.80 at 10:36 IST on BSE after the company reported net loss of Rs 64.06 crore in Q2 December 2014, higher than net loss of Rs 13.47 crore in Q2 December 2013.
The result was announced after market hours yesterday, 21 January 2015.
Meanwhile, the BSE Sensex was up 147.85 points, or 0.51%, to 29,036.71
On BSE, so far 1.42 lakh shares were traded in the counter, compared with an average volume of 21,253 shares in the past one quarter.
The stock hit a high of Rs 70.45 and a low of Rs 66.60 so far during the day. The stock hit a record high of Rs 98.45 on 16 September 2014. The stock hit a 52-week low of Rs 50.95 on 26 February 2014.
The stock had outperformed the market over the past one month till 21 January 2015, advancing 6.74% compared with the Sensex's 5.54% rise. The scrip had, however, underperformed the market in past one quarter, rising 0.27% as against Sensex's 8.7% rise.
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The small-cap company has an equity capital of Rs 96.50 crore. Face value per share is Rs 10.
Supreme Petrochem's net sales fell 24.3% to Rs 611.20 crore in Q2 December 2014 over Q2 December 2013.
Supreme Petrochem is the leader in polystyrene business in the Indian market place with a share of more than 50%. The company is also the largest exporter of polystyrene from India, exporting to over 80 countries around the globe. Polystyrene is widely employed in the food-service industry as rigid trays and containers, disposable eating utensils, and foamed cups, plates, and bowls.
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