GSFC slips after poor Q1 earnings

Gujarat State Fertilizers & Chemicals fell 1% to Rs 74.50 at 10:21 IST on BSE after net profit fell 6.8% to Rs 100.90 crore on 12.8% decline in net sales to Rs 1084.48 crore in Q1 June 2015 over Q1 June 2014.

The result was announced after market hours yesterday, 28 July 2015.

Meanwhile, the S&P BSE Sensex was up 90.82 points or 0.33% at 27,550.05

On BSE, so far 56,315 shares were traded in the counter as against average daily volume of 1.43 lakh shares in the past one quarter.

The stock hit a high of Rs 76 and a low of Rs 74 so far during the day. The stock had hit a 52-week low of Rs 64.65 on 3 June 2015. The stock had hit record high of Rs 124.50 on 3 November 2014.

The stock had outperformed the market over the past one month till 28 July 2015, rising 10.91% compared with Sensex's 1.27% decline. The scrip had however underperformed the market in past one quarter, falling 0.99% as against Sensex's 0.23% gain.

The small-cap company has equity capital of Rs 79.70 crore. Face value per share is Rs 2.

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

Powered by Capital Market - Live News