Phillips Carbon Black fell 1.73% to Rs 611.50 at 11:26 IST on BSE, with the stock sliding on profit booking after recent rally.
Meanwhile, the S&P BSE Sensex was down 34.81 points, or 0.11% at 30,822.71. The S&P BSE Small-Cap index was up 6 points, or 0.04% at 15,316.21.
On the BSE, 38,000 shares were traded on the counter so far as against the average daily volumes of 1.04 lakh shares in the past one quarter. The stock had hit a high of Rs 621.20 and a low of Rs 608.55 so far during the day. The stock had hit a record high of Rs 663.75 on 20 June 2017 and a 52-week low of Rs 160 on 1 July 2016.
The stock had outperformed the market over the past one month till 29 June 2017, advancing 48.07% compared with the Sensex's 0.81% fall. The scrip had also outperformed the market over the past one quarter gaining 95.34% as against the Sensex's 4.49% rise. The scrip had also outperformed the market over the past one year advancing 280% as against the Sensex's 15.4% rise.
The small-cap company has equity capital of Rs 34.47 crore. Face value per share is Rs 10.
Shares of Phillips Carbon Black had rallied 8.72% in the preceding two trading sessions to settle at Rs 622.25 yesterday, 29 June 2017, from its close of Rs 572.35 on 27 June 2017.
Phillips Carbon Black's net profit spurted 930.8% to Rs 28.14 crore on 21% increase in net sales to Rs 549.98 crore in Q4 March 2017 over Q4 March 2016.
Phillips Carbon Black is engaged in the manufacture and sale of carbon black, which is used by the rubber industry. It operates through two segments: Carbon black and Power.
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