Goa Carbon sizzles 63.84% in seven sessions

Goa Carbon jumped 4.23% to Rs 256.50 at 11:58 IST on BSE, with the stock extending recent strong gains.

Meanwhile, the S&P BSE Sensex was down 60.74 points, or 0.19% at 31,236.79. The S&P BSE Small-Cap index was up 60.16 points, or 0.38% at 15,739.88.

High volumes were witnessed on the counter. On the BSE, 6.86 lakh shares were traded on the counter so far as against the average daily volumes of 1.18 lakh shares in the past one quarter. The stock had hit a high of Rs 262.70 so far during the day, which is also its record high. The stock hit a low of Rs 238.90 so far during the day. The stock had hit a 52-week low of Rs 85.10 on 21 November 2016.

The stock had outperformed the market over the past one month till 20 June 2017, advancing 73.31% compared with the Sensex's 2.73% rise. The scrip had also outperformed the market over the past one quarter advancing 124.13% as against the Sensex's 6.03% rise. The scrip had also outperformed the market over the past one year advancing 162.93% as against the Sensex's 16.49% rise.

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

Shares of Goa Carbon surged 63.84% in seven trading sessions to its current ruling price of Rs 256.50, from a close of Rs 156.55 on 12 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.

Powered by Capital Market - Live News