Mangalore Chemicals and Fertilisers was locked in 20% upper circuit filter at Rs 63.35 at 15:15 IST on BSE after the company reported net profit of Rs 15.35 crore in Q2 September 2016 as against net loss of Rs 19.43 crore in Q2 September 2015.Net sales declined 5.55% to Rs 848.44 crore in Q2 September 2016 over Q2 September 2015. The result was declared during market hours today, 19 October 2016.
Meanwhile, the BSE Sensex was down 68.67 points, or 0.24%, to 27,982.21
On BSE, so far 2.55 lakh shares were traded in the counter, compared with average daily volume of 13,702 shares in the past one quarter. The stock hit a high of Rs 63.35 in intraday trade so far, which is 52-week high for the counter. The stock hit a low of Rs 52.15 so far during the day. The stock hit a 52-week low of Rs 35.30 on 15 February 2016.
The small-cap company has equity capital of Rs 118.52 crore. Face value per share is Rs 10.
Mangalore Chemicals and Fertilizers is the largest manufacturer of chemicals fertilizers in Karnataka. The company with its wide range of products that include Urea, Di-Ammonium Phosphate, Muriate of Potash, Granulated Fertilizers, Micronutrients, Soil Conditioners and Specialty Fertilizers, touches and enriches the lives of farmers across Southern India.
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