Goa Carbon gains after resumption of operations at Bilaspur unit

Goa Carbon rose 1.26% to Rs 84.35 at 13:31 IST on BSE after the company said it has resumed operations at its Bilaspur unit located in Chattisgarh from 15 January 2015.

The announcement was made on Saturday, 17 January 2015.

Meanwhile, the S&P BSE Sensex was up 164.18 points or 0.58% at 28,286.07

On BSE, so far 32,750 shares were traded in the counter as against average daily volume of 34,890 shares in the past one quarter.

The stock hit a high of Rs 87 and a low of Rs 84 so far during the day. The stock had hit a 52-week high of Rs 111.50 on 7 July 2014. The stock had hit a 52-week low of Rs 59 on 17 February 2014.

The stock had outperformed the market over the past one month till 16 January 2015, rising 9.61% compared with Sensex's 5.01% rise. The scrip, however, underperformed the market in past one quarter, falling 7.7% as against Sensex's 8.16% rise.

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

Earlier, Goa Carbon had on 20 October 2014, intimated regarding temporary shut-down of its Bilaspur Unit located at 34-40, Sector B, Sirgitti Industrial Area, Bilaspur, Chattisgarh.

Goa Carbon reported a net loss of Rs 0.85 crore in Q2 September 2014 compared with net profit of Rs 1.19 crore in Q2 September 2013. Net sales declined 57.2% to Rs 39.81 crore in Q2 September 2014 over Q2 September 2013.

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

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