Himadri Chemicals & Industries fell 12.26% to Rs 34 at 14:12 IST on BSE on profit booking after the stock surged 38.15% in the preceding thirteen trading sessions to Rs 38.75 on 15 September 2014, from a recent low of Rs 28.05 on 26 August 2014.
Meanwhile, the BSE Sensex was down 221.80 points, or 0.83%, to 26,594.76.
On BSE, so far 1.12 lakh shares were traded in the counter, compared with an average volume of 49,814 shares in the past one quarter.
The stock hit a high of Rs 40.35 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 33 so far during the day. The stock hit a 52-week low of Rs 13.10 on 18 October 2013.
The stock had outperformed the market over the past one month till 15 September 2014, rising 32.25% compared with 2.73% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 51.66% as against Sensex's 6.30% rise.
The small-cap company has an equity capital of Rs 38.57 crore. Face value per share is Re 1.
Himadri Chemicals & Industries reported net profit of Rs 14.36 crore in Q1 June 2014 as against net loss of Rs 51.85 crore in Q1 June 2013. Net sales rose 13.55% to Rs 351.47 crore in Q1 June 2014 over Q1 June 2013.
Himadri Chemicals & Industries is the largest coal tar pitch manufacturing company in India. It is a carbon specialist, developing coal tar by-products and derivatives (advanced carbon material, carbon black, corrosion protection and naphthalene). The company addresses growing needs of sectors like aluminium, graphite, infrastructure, lithium-ion battery, tyre and rubber applications.
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