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Gujarat Fluorochemicals gains on commissioning wind farm project in Gujarat

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Capital Market Mumbai

The company made this announcement during trading hours today, 12 December 2011.

Meanwhile, the BSE Sensex was down 177.16 points, or 1.09% to 16,036.30.

On BSE, 19,000 shares were traded in the counter as against average daily volume of 34,500 shares in the past one quarter.

The stock hit a high of Rs 420 and a low of Rs 403.10 so far during the day. The stock had hit a record high of Rs 561 on 24 October 2011. The stock had hit a 52-week low of Rs 181 on 10 December 2010.

The mid-cap stock had underperformed the market over the past one month till 9 December 2011, falling 24.52% compared with the Sensex's 6.62% fall. The scrip had also underperformed the market in past one quarter, sliding 25.33% as against 3.87% decline in the Sensex.

 

The company has an equity capital of Rs 10.99 crore. Face value per share is Re 1.

Gujarat Fluorochemicals said, with the commissioning of latest wind farm project, the total installed capacity of wind farms projects operated by the company has risen to 54 megawatts (MW).

Gujarat Fluorochemicals' net profit jumped 280.1% to Rs 188.44 crore on 204.9% spurt in net sales to Rs 536 crore in Q2 September 2011 over Q2 September 2010.

Gujarat Fluorochemicals (GFL) has interests in diverse businesses, including industrial gases, refrigerants, chemicals and carbon credits.

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First Published: Dec 12 2012 | 9:32 AM IST

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