GHCL dropped 3.26% to Rs 313 at 14:22 IST on BSE after net profit fell 11.63% to Rs 71.17 crore on 16.39% rise in total income to Rs 718 crore in Q3 December 2017 over Q3 December 2016.
The result was announced during market hours today, 31 January 2018.Meanwhile, the S&P BSE Sensex was down 80.36 points, or 0.26% at 31,217.17. The S&P BSE Small-Cap index was up 19.64 points, or 0.13% at 15,699.36.
On the BSE, 95,000 shares were traded on the counter so far as against the average daily volumes of 1.61 lakh shares in the past two weeks. The stock had hit a high of Rs 325 and a low of Rs 310 so far during the day. The stock had hit a 52-week high of Rs 357.50 on 24 January 2018 and a 52-week low of Rs 203.65 on 27 September 2017.
The company said that based on the recommendation of the Nomination & Remuneration Committee, the board of directors of the company approved re-appointment of Raman Chopra, as CFO & Executive Director (Finance) of the company for a period of 5 years with effect from 1 April 2018, subject to the approval of shareholders in the ensuing Annual General Meeting.
GHCL is engaged in the business of manufacturing and trading of inorganic chemicals and home textiles.
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