Gujarat State Fertilizers & Chemicals dropped 3.95% to Rs 74.20 at 10:51 IST on BSE after net profit fell 51.9% to Rs 64.50 crore on 15% decline in net sales to Rs 1290.38 crore in Q4 March 2015 over Q4 March 2014.
The Q4 result was announced after market hours yesterday, 14 May 2015.
Meanwhile, the S&P BSE Sensex was up 33.14 points or 0.12% at 27,239.20.
On BSE, so far 62,000 shares were traded in the counter as against average daily volume of 1.77 lakh shares in the past one quarter.
The stock hit a high of Rs 75.80 and a low of Rs 72.95 so far during the day. The stock had hit a 52-week low of Rs 63.25 on 14 May 2014. The stock had hit record high of Rs 124.50 on 3 November 2014.
The stock had underperformed the market over the past one month till 14 May 2015, sliding 10.12% compared with Sensex's 6.33% fall. The scrip had also underperformed the market in past one quarter, declining 17.02% as against Sensex's 6.49% fall.
The mid-cap company has equity capital of Rs 79.70 crore. Face value per share is Rs 2.
GSFC is engaged in manufacturing and marketing fertilizers, petrochemicals, chemicals, industrial gases, plastics, fibers and other products.
Powered by Capital Market - Live News
