Gujarat State Fertilizers & Chemicals fell 2.95% to Rs 82.35 at 12:08 IST on BSE on profit booking after the stock jumped 18.42% in the preceding four trading sessions to Rs 84.85 on 4 January 2016, from a recent low of Rs 71.65 on 29 December 2015.
Meanwhile, the BSE Sensex was down 80.35 points, or 0.31%, to 25,543.
On BSE, so far 3.93 lakh shares were traded in the counter, compared with an average volume of 1.59 lakh shares in the past one quarter. The stock hit a high of Rs 86.10 and a low of Rs 81.10 so far during the day. The stock hit a record high of Rs 124.25 on 27 January 2015. The stock hit a 52-week low of Rs 61 on 8 September 2015. The stock had outperformed the market over the past one month till 4 January 2016, rising 16.31% compared with 0.06% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 19.93% as against Sensex's 2.28% fall.
The mid-cap company has an equity capital of Rs 79.70 crore. Face value per share is Rs 2.
Gujarat State Fertilizers & Chemicals (GSFC) net profit rose 14.7% to Rs 142.64 crore on 18.9% growth in net sales to Rs 1762.18 crore in Q2 September 2015 over Q2 September 2014. GSFC is engaged in manufacturing and marketing fertilizers, petrochemicals, chemicals, industrial gases, plastics, fibers and other products.
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