Bodal Chemicals edges higher after announcing strong Q2 numbers

Bodal Chemicals gained 2.97% to Rs 144.10 at 13:35 IST on BSE after net profit rose 45.56% to Rs 34.04 crore on 30.25% rise in net total income from operations to Rs 357.35 crore in Q2 September 2016 over Q2 September 2015.

The result was announced during market hours today, 10 November 2016.

Meanwhile, the S&P BSE Sensex was up 422.61 points, or 1.5%, to 27,661.09.

On BSE, so far 2.91 lakh shares were traded in the counter, compared with average daily volume of 3.17 lakh shares in the past one quarter. The stock hit a high of Rs 146.25 and a low of Rs 142 so far during the day. The stock hit a record high of Rs 155 on 6 October 2016. The stock hit a 52-week low of Rs 35.10 on 9 November 2015. The stock outperformed the market over the past one month till 9 November 2016, falling 2.58% compared with the Sensex's 2.88% fall. The scrip also outperformed the market in past one quarter, gaining 28.28% as against the Sensex's 2.96% decline.

The mid-cap company has an equity capital of Rs 21.82 crore. Face value per share is Rs 2.

Establishing its base in the manufacture of Vinyl Sulphone two decades ago, today Bodal is an internationally acclaimed manufacturer and supplier of dye & dye intermediaries. Currently, Bodal produces 30 major dye intermediates and 150 variants in dyestuff with a monthly capacity of 2500 metric tonne (MT) and 1900 MT respectively.

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