Goa Carbon drops after temporary shut down of Bilaspur plant

Goa Carbon lost 3.49% to Rs 67.70 at 14:17 IST on BSE after the company said that its Bilaspur plant has been temporarily shut down on account of non-availability of suitable raw material.

The announcement was made during trading hours today, 13 March 2014.

Meanwhile, the S&P BSE Sensex was up 53.94 points or 0.25% at 21,910.16.

On BSE, so far 7,245 shares were traded in the counter as against average daily volume of 25,976 shares in the past one quarter.

The stock hit a high of Rs 69.60 and a low of Rs 67.20 so far during the day. The stock had hit a 52-week low of Rs 47 on 7 August 2013. The stock had hit a 52-week high of Rs 87.20 on 16 May 2013.

The stock had outperformed the market over the past one month till 12 March 2014, surging 13.42% compared with the Sensex's 6.88% rise. The scrip had also outperformed the market in past one quarter, jumping 11.61% as against Sensex's 4.45% rise.

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

Goa Carbon reported a net profit of Rs 0.56 crore in Q3 December 2013 as against net loss of Rs 1.58 crore in Q3 December 2012. Net sales rose 26.1% to Rs 72.28 crore in Q3 December 2013 over Q3 December 2012.

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

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