GHCL spurts after strong Q3 earnings

GHCL surged 7.85% to Rs 81.10 at 11:58 IST on BSE after net profit jumped 55.2% to Rs 41.88 crore on 6.4% growth in net sales to Rs 580.02 crore in Q3 December 2014 over Q3 December 2013.

The Q3 result was announced after market hours yesterday, 27 January 2015.

Meanwhile, the S&P BSE Sensex was up 108.51 points or 0.37% at 29,679.55.

On BSE, so far 3.72 lakh shares were traded in the counter as against average daily volume of 46,717 shares in the past one quarter.

The stock hit a high of Rs 84 and a low of Rs 80.80 so far during the day. The stock had hit a 52-week high of Rs 107.10 on 16 September 2014. The stock had hit a 52-week low of Rs 31.55 on 19 February 2014.

The stock had underperformed the market over the past one month till 27 January 2015, advancing 5.84% compared with the Sensex's 8.55% rise. The stock had also underperformed the market in past one quarter, sliding 10.42% as against Sensex's 10.53% rise.

The small-cap company has equity capital of Rs 100.02 crore. Face value per share is Rs 10.

GHCL is a diversified company with an established foot print in chemistry and textiles segment.

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