GSFC retracts from record high

Gujarat State Fertilizers & Chemicals lost 1.53% to Rs 105.90 at 11:36 IST on BSE after the Bombay Stock Exchange revised the circuit filter of the stock to 10% from earlier 20% with effect from today, 16 September 2014.

Meanwhile, the BSE Sensex was down 26.62 points or 0.1% at 26,789.94.

On BSE, so far 11.61 lakh shares were traded in the counter as against average daily volume of 13.14 lakh shares in the past two weeks.

The stock hit a high of Rs 111.80 so far during the day, which is a record high for the counter. The stock hit a low of Rs 103 so far during the day. The stock had hit a 52-week low of Rs 43.70 on 4 March 2014.

The Bombay Stock Exchange (BSE) has on Monday, 15 September 2014, revised circuit filters for a total of 55 stocks with effect from today, 16 September 2014.

Gujarat State Fertilizers & Chemicals (GSFC)'s net profit galloped 1853.6% to Rs 108.23 crore on 22.1% growth in net sales to Rs 1243.20 crore in Q1 June 2014 over Q1 June 2013.

GSFC is engaged in manufacturing and marketing fertilizers, petrochemicals, chemicals, industrial gases, plastics, fibers and other products.

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