Goa Carbon slips after temporary shut down of Chattisgarh plant

Goa Carbon fell 4.07% to Rs 70.70 at 15:26 IST on BSE after the company said it has temporarily shut down operations at its Bilaspur plant in Chattisgarh on account of non availability of suitable raw material.

The company made the announcement during trading hours today, 10 January 2014.

Meanwhile, the BSE Sensex was up 48.12 points, or 0.23%, to 20,761.49.

On BSE, so far 17,000 shares were traded in the counter, compared with an average volume of 29,742 shares in the past one quarter.

The stock hit a high of Rs 70.25 and a low of Rs 73.80 so far during the day. The stock hit a 52-week high of Rs 95.85 on 11 January 2013. The stock hit a 52-week low of Rs 47 on 7 August 2013.

The stock had outperformed the market over the past one month till 9 January 2014, rising 12.09% compared with the Sensex's 2.87% fall. The scrip had also outperformed the market in past one quarter, rising 22.73% as against Sensex's 2.29% rise.

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

Net profit of Goa Carbon declined 89.20% to Rs 1.19 crore on 4.66% decline in net sales to Rs 93.10 crore in Q2 September 2013 over Q2 September 2012.

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

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