Gujarat State Fertilizers & Chemicals fell 3.08% to Rs 132.05 at 9:52 IST on BSE after net profit fell 12.5% to Rs 40.52 crore on 10.4% increase in net sales to Rs 1137.57 crore in Q1 June 2017 over Q1 June 2016.
The result was announced after market hours on Friday, 4 August 2017.
On the BSE, 88,000 shares were traded on the counter so far as against the average daily volumes of 2.92 lakh shares in the past one quarter. The stock had hit a high of Rs 134.45 and a low of Rs 123 so far during the day. The stock had hit a record high of Rs 148.40 on 10 May 2017 and a 52-week low of Rs 67.65 on 4 August 2016.
The stock had outperformed the market over the past one month till 4 Aug 2017, advancing 11.59% compared with the Sensex's 3.57% rise. The scrip had, however, underperformed the market over the past one quarter declining 4.12% as against the Sensex's 7.3% rise. The scrip had, however, outperformed the market over the past one year advancing 99.93% as against the Sensex's 16.64% rise.
The mid-cap company has equity capital of Rs 79.70 crore. Face value per share is Rs 2.
Gujarat State Fertilizers & Chemicals (GSFC) is engaged in the development of crop nutrition solutions. The company is also engaged in the business of trading pesticides, zinc sulfate, magnesium sulfate, among others.
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