Clariant Chemicals (India) drops after poor Q1 results

Clariant Chemicals (India) lost 2.61% to Rs 676.80 at 12:08 IST on BSE after net profit fell 38.9% to Rs 15.13 crore on 1.2% decline in net sales to Rs 274.21 crore in Q1 March 2014 over Q1 March 2013.

The Q1 result was announced after market hours on Tuesday, 6 May 2014.

Meanwhile, the S&P BSE Sensex was down 104.35 points or 0.46% at 22,404.07.

On BSE, so far 7,102 shares were traded in the counter as against average daily volume of 12,970 shares in the past one quarter.

The stock hit a high of Rs 690.30 and a low of Rs 670 so far during the day. The stock had hit a 52-week high of Rs 741.90 on 15 April 2014. The stock had hit a 52-week low of Rs 371.10 on 28 June 2013.

The stock had outperformed the market over the past one month till 6 May 2014, jumping 4.99% compared with the Sensex's 0.67% rise. The scrip had also outperformed the market in past one quarter, advancing 13.72% as against Sensex's 10.82% rise.

The small-cap company has equity capital of Rs 26.66 crore. Face value per share is Rs 10.

Clariant Chemicals (India) is a specialty chemicals company.

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