GSFC slips after weak Q4 outcome

The result was announced after market hours on Thursday, 16 May 2013.

Meanwhile, the BSE Sensex was down 6.74 points or 0.03% to 20,240.59.

On BSE, 38,650 shares were traded in the counter as against average daily volume of 67,052 shares in the past one quarter.

The stock hit a high of Rs 56.25 and a low of Rs 54.40 so far during the day. The stock had hit a 52-week low of Rs 53.15 on 3 May 2013. The stock had hit a 52-week high of Rs 88.38 on 6 June 2012.

The stock had underperformed the market over the past one month till 16 May 2013, falling 0.52% compared with the Sensex's 8.01% rise. The scrip had also underperformed the market in past one quarter, falling 10.38% as against Sensex's 4% gain.

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

Gujarat State Fertilizers & Chemicals (GSFC)'s net profit fell 31.6% to Rs 518.10 crore on 17.9% growth in net sales to Rs 6253.30 crore in the year ended 31 March 2013 over the year ended 31 March 2012.

GSFC's board of directors at its meeting held on 16 May 2013 has recommended a dividend of Rs 2 per share for the year ended 31 March 2013.

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

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