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Gujarat Fluorochemicals spurts on high volumes

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Meanwhile, the S&P BSE Sensex was down 57.50 points, or 0.29%, to 19,510.72.

On the National Stock Exchange (NSE), 5.12 lakh shares were traded in the counter as against an average daily volume of 38,167 shares in the past one quarter.

The stock hit a high of Rs 279.80 and a low of Rs 250.10 so far during the day. The stock had hit a 52-week high of Rs 428.65 on 4 July 2012. The stock had hit a 52-week low of Rs 250.05 on 14 February 2013.

The stock had underperformed the market over the past one month till 5 June 2013, sliding 12.93% compared with the Sensex's 0.04% fall. The scrip had also underperformed the market in past one quarter, falling 14.87% as against Sensex's 2.22% rise.

 

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

Net profit of Gujarat Fluorochemicals reported to Rs 57.28 crore in Q4 March 2013 as against net loss of Rs 135.39 crore in Q4 March 2012. Net sales declined 28.89% to Rs 333.01 crore in Q4 March 2013 over Q4 March 2012.

Gujarat Fluorochemicals (GFL) is a part of the $2 billion INOX Group. The company has interests in diverse businesses, including industrial gases, refrigerants, chemicals and carbon credits. It owns and operates an entertainment business through its 65.62% subsidiary, INOX Leisure (as per the shareholding pattern as on 31 March 2013). INOX Leisure is engaged in setting up and operating INOX brand of multiplex cinema theaters.

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First Published: Jun 06 2013 | 3:14 PM IST

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