JBF Industries fell 3.02% to Rs 201 at 09:51 IST on BSE after net profit declined 49.59% to Rs 9.83 crore on 4.81% rise in total income to Rs 950.44 crore in Q1 June 2016 over Q1 June 2015.
The result was announced after market hours on Friday, 26 August 2016.Meanwhile, the S&P BSE Sensex was down 69.41 points, or 0.25%, to 27,712.84
On BSE, so far 9,185 shares were traded in the counter, compared with average daily volume of 20,633 shares in the past one quarter. The stock hit a high of Rs 204 and a low of Rs 195.95 so far during the day. The stock hit a 52-week high of Rs 255 on 29 December 2015. The stock hit a 52-week low of Rs 150.10 on 29 February 2016. The stock had outperformed the market over the past 30 days till 26 August 2016, rising 0.58% compared with Sensex's 1.51% fall. The scrip, however, underperformed the market in past one quarter, falling 0.53% as against Sensex's 4.23% rise.
The small-cap company has an equity capital of Rs 81.87 crore. Face value per share is Rs 10.
JBF Industries said that the implementation of the 1.25 million tonnes per annum greenfield PTA project at Mangalore being executed through its step down subsidiary JBF Petrochemicals is proceeding satisfactorily. The project is expected to be completed by the end of the current financial year.
JBF Industries produces polyester chips for textiles, films and bottles and partially oriented yarn.
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