Goa Carbon inches up after commencing operations at Paradeep plant

Goa Carbon rose 0.83% at Rs 78.50 at 9:24 IST on BSE after the company said that the operations at its Paradeep plant at Udayabata village in Orissa has commenced from 30 November 2015 onwards.

The announcement was made after market hours yesterday, 30 November 2015.

Meanwhile, the S&P BSE Sensex was up 96.21 points or 0.37% at 26,241.88.

On BSE, so far 513 shares were traded in the counter as against average daily volume of 11,390 shares in the past one quarter.

The stock hit a high of Rs 79.10 and a low of Rs 78.40 so far during the day. The stock had hit a 52-week high of Rs 98.50 on 22 January 2015. The stock had hit a 52-week low of Rs 63 on 9 November 2015.

The stock had outperformed the market over the past one month till 30 November 2015, surging 15.68% compared with Sensex's 1.92% fall. The scrip had also outperformed the market in past one quarter, jumping 11.45% as against Sensex's 0.93% fall.

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

Goa Carbon reported a net loss of Rs 2.96 crore in Q2 September 2015, higher than net loss of Rs 0.85 crore in Q2 September 2014. Net sales rose 97.9% to Rs 78.77 crore in Q2 September 2015 over Q2 September 2014.

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

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