Goa Carbon slumps 7.3% in two days

Goa Carbon lost 2.77% to Rs 65 at 14:27 IST on BSE, with the stock extending Thursday's slide triggered by the company announcing a temporary shut down at its Bilaspur plant on account of non-availability of suitable raw material.

Meanwhile, the S&P BSE Sensex was down 166.01 points or 0.76% at 21,608.60.

On BSE, so far 4,610 shares were traded in the counter as against average daily volume of 26,098 shares in the past one quarter.

The stock hit a high of Rs 67.20 and a low of Rs 64.60 so far during the day. The stock had hit a 52-week low of Rs 47 on 7 August 2013. The stock had hit a 52-week high of Rs 87.20 on 16 May 2013.

The stock had outperformed the market over the past one month till 13 March 2014, advancing 9.68% compared with the Sensex's 7.83% rise. The scrip had also outperformed the market in past one quarter, jumping 8.08% as against Sensex's 5.11% rise.

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

Shares of Goa Carbon have declined 7.34% in two trading sessions from a recent high of Rs 70.15 on 12 March 2014, after the company during trading hours on Thursday, 13 March 2014 said that its Bilaspur plant has been temporarily shut down on account of non-availability of suitable raw material. The stock had declined 4.7% to settle at Rs 66.85 on Thursday, 13 March 2014.

Goa Carbon reported a net profit of Rs 0.56 crore in Q3 December 2013 as against net loss of Rs 1.58 crore in Q3 December 2012. Net sales rose 26.1% to Rs 72.28 crore in Q3 December 2013 over Q3 December 2012.

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

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