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Goa Carbon drops on profit booking

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Goa Carbon was locked in 5% lower circuit at Rs 767 at 12:09 IST on BSE on profit booking after gaining 27.6% in the preceding five trading sessions to settle at Rs 807.35 on 19 October 2017, from its close of Rs 632.70 on 12 October 2017.

Meanwhile, the S&P BSE Sensex was down 62.51 points, or 0.19% at 32,327.45. The S&P BSE Small-Cap index was down 51.74 points, or 0.3% at 17,029.70.

On the BSE, 70,000 shares were traded on the counter so far as against the average daily volumes of 55,465 shares in the past one quarter. The stock had hit a high of Rs 845 so far during the day, which is also its record high. The stock hit a low of Rs 767 so far during the day. The stock had hit a 52-week low of Rs 85.10 on 21 November 2016.

 

The stock had outperformed the market over the past one month till 19 October 2017, rising 87.08% compared with 0.03% decline in the Sensex. The scrip had outperformed the market in past one quarter, gaining 193.05% as against Sensex's 1.13% rise. The scrip had also outperformed the market in past one year, surging 527.07% as against Sensex's 15.14% rise.

The small-cap company has equity capital of Rs 9.15 crore. Face value per share is Rs 10.

Goa Carbon's net profit spurted 191.53% to Rs 13.76 crore on 88.51% increase in total income to Rs 151.71 crore in Q2 September 2017 over Q2 September 2016.

Goa Carbon is engaged in the business of manufacturing and marketing of calcined petroleum coke.

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First Published: Oct 23 2017 | 12:19 PM IST

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