Goa Carbon drops after recent sharp rally

Goa Carbon lost 2.44% to Rs 259.40 at 12:49 IST on BSE, with the stock sliding on profit booking after recent rally.

Meanwhile, the S&P BSE Sensex was down 42.57 points, or 0.14% at 30,814.95. The S&P BSE Small-Cap index was up 14.37 points, or 0.09% at 15,324.58.

On the BSE, 1.13 lakh shares were traded on the counter so far as against the average daily volumes of 1.65 lakh shares in the past one quarter. The stock had hit a high of Rs 265.45 and a low of Rs 257 so far during the day. The stock had hit a record high of Rs 269.90 on 29 June 2017 and a 52-week low of Rs 85.10 on 21 November 2016.

The stock had outperformed the market over the past one month till 29 June 2017, advancing 94.16% compared with the Sensex's 0.81% fall. The scrip had also outperformed the market over the past one quarter gaining 137.2% as against the Sensex's 4.49% rise. The scrip had also outperformed the market over the past one year advancing 177.27% as against the Sensex's 15.4% rise.

The small-cap company has equity capital of Rs 9.15 crore. Face value per share is Rs 10.

Shares of Goa Carbon had rallied 14.96% in the preceding two trading sessions to settle at Rs 265.90 yesterday, 29 June 2017, from its close of Rs 231.30 on 27 June 2017.

Goa Carbon's net profit spurted 1139% to Rs 5.08 crore on 13.9% increase in net sales to Rs 76.32 crore in Q4 March 2017 over Q4 March 2016.

Goa Carbon is engaged in the business of manufacturing and marketing of calcined petroleum coke.

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