Chambal Fertilisers inches up after good Q1 earnings

Chambal Fertilisers & Chemicals rose 0.49% to Rs 71.95 at 15:03 IST on BSE after net profit rose 20.99% to Rs 77.06 crore on 16.85% growth in total income to Rs 1381.91 crore in Q1 June 2012 over Q1 June 2011.

The company announced the results during trading hours today, 8 August 2012.

Meanwhile, the BSE Sensex was up 27.59 points or 0.16% to 17,629.37.

The stock rose on high volumes. On BSE, 13.33 lakh shares were traded in the counter as against average daily volume of 2.69 lakh shares in the past one quarter.

The stock hit a high of Rs 74.70 and a low of Rs 71.65 so far during the day. The stock had hit a record high of Rs 118.50 on 9 September 2011. The stock had hit a 52-week low of Rs 66.30 on 9 May 2012.

The stock had underperformed the market over the past one month till 7 August 2012, falling 11.22% compared with the Sensex's 0.46% rise. The scrip had also underperformed the market in past one quarter, rising 1.42% as against Sensex's 4.07% rise.

The company has equity capital of Rs 416.21 crore. Face value per share is Rs 10.

Chambal Fertilisers & Chemicals is one of the largest private sector fertilizer producers in India.

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