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Goa Carbon retracts from record high on profit booking

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Capital Market

Goa Carbon lost 1.14% at Rs 256.90 at 10:10 IST on BSE, with the stock sliding on profit booking after recent stellar rally.

Meanwhile, the S&P BSE Sensex was up 135.55 points or 0.43% at 31,419.19. The S&P BSE Small-Cap index rose 89.12 points or 0.57% at 15,785.39.

On the BSE, 2.62 lakh shares were traded on the counter so far as against the average daily volumes of 1.36 lakh shares in the past one quarter. The stock had hit a high of Rs 268.20 so far during the day, which is a record high. The stock hit a low of Rs 254.50 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 21 June 2017, advancing 82.99% compared with the Sensex's 2.69% rise. The stock had also outperformed the market over the past one quarter, gaining 136.98% as against the Sensex's 6.1% rise. The scrip had also outperformed the market over the past one year, spurting 177.03% as against the Sensex's 16.67% rise.

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

Shares of Goa Carbon had surged 65.98% in the preceding seven trading sessions to settle at Rs 259.85 yesterday, 21 June 2017, from its close of Rs 156.55 on 12 June 2017.

Meanwhile, shares of Goa Carbon turned ex-dividend today, 22 June 2017, for final dividend of Rs 3 per share for the year ended 31 March 2017.

Goa Carbon's net profit spurted 1139% to Rs 5.08 crore on 13.9% increase in net sales to Rs 76.32 crore in Q4 March 2017 over Q4 March 2016.

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

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First Published: Jun 22 2017 | 10:15 AM IST

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