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Oriental Carbon declines after recent sharp rally

Capital Market 

& Chemicals fell 2.6% to Rs 1,340 at 12:25 on BSE, with the stock sliding on profit booking after recent rally.

Meanwhile, the S&P Sensex was up 46.66 points, or 0.15% at 32,067.41. The S&P Small-Cap index was up 4.65 points, or 0.03% at 15,912.66.

On the BSE, 922 shares were traded on the counter so far as against the average daily volumes of 2,998 shares in the past one quarter. The stock had hit a high of Rs 1,390 and a low of Rs 1,335.50 so far during the day. The stock had hit a record high of Rs 1,442.80 on 13 July 2017 and a 52-week low of Rs 565.50 on 11 July 2016.

The stock had outperformed the market over the past one month till 14 July 2017, advancing 43.54% compared with the Sensex's 2.78% rise. The scrip had also outperformed the market over the past one quarter gaining 42.16% as against the Sensex's 8.69% rise. The scrip had also outperformed the market over the past one year advancing 123.14% as against the Sensex's 14.6% rise.

The small-cap company has equity capital of Rs 10.30 crore. Face value per share is Rs 10.

Shares of & Chemicals had rallied 16.12% in the preceding three trading sessions to settle at Rs 1,375.80 on Friday, 14 July 2017, from its close of Rs 1,184.85 on 11 July 2017.

& Chemicals' net profit fell 22.6% to Rs 9.30 crore on 18.4% increase in net sales to Rs 82.10 crore in Q4 March 2017 over Q4 March 2016.

& Chemicals is engaged in the production of insoluble sulfur for the tire and rubber industry around the world.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, July 17 2017. 12:28 IST