Goa Carbon scales record high after resuming Bilaspur plant's operations

Goa Carbon gained 4.84% to Rs 430.90 at 10:08 IST on BSE after the company announced resumption of operations at its Bilaspur Unit, Chattisgarh consequent to the temporary shut-down for maintenance work.

The announcement was made after market hours yesterday, 19 September 2017.

Meanwhile, the S&P BSE Sensex was up 29.69 points, or 0.09% at 32,432.06. The S&P BSE Small-Cap index was up 56.03 points, or 0.33% at 16,949.70.

On the BSE, 43,000 shares were traded on the counter so far as against the average daily volumes of 1.66 lakh shares in the past one quarter. The stock had hit a high of Rs 431.55 so far during the day, which is also its record high. The stock hit a low of Rs 416.90 so far during the day. The stock had hit a 52-week low of Rs 85.10 on 21 November 2016.

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

Goa Carbon announced resumption of operations at the company's Bilaspur unit in Chattisgarh from 18 September 2017 consequent to the temporary shut-down for maintenance work. There would not be any financial impact due to the temporary shutdown of the Bilaspur unit as there was sufficient inventory to service the orders in hand.

Goa Carbon's net profit spurted 584.52% to Rs 5.75 crore on 22.28% increase in total income to Rs 79.92 crore in Q1 June 2017 over Q1 June 2016.

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

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