GSFC surges after block deal

Gujarat State Fertilizers & Chemicals surged 4.31% to Rs 52.05 at 15:15 IST on BSE after a block deal of 12.11 lakh shares was executed in the counter at Rs 52.05 per share at 14:07 IST on BSE today, 18 September 2013.

A block deal of 12.11 lakh shares was executed in the counter at Rs 52.05 per share at 14:07 IST on BSE today, 18 September 2013. The block deal constituted 0.3% equity capital of Gujarat State Fertilizers & Chemicals (GSFC).

Meanwhile, the BSE Sensex was up 145.69 points or 0.74% to 19,949.72

On BSE, 12.47 lakh shares were traded in the counter as against average daily volume of 48,085 shares in the past one quarter.

The stock hit a high of Rs 52.65 and a low of Rs 49.95 so far during the day. The stock had hit a 52-week low of Rs 44.20 on 28 August 2013. The stock had hit a 52-week high of Rs 85 on 24 September 2012.

The stock had underperformed the market over the past one month till 17 September 2013, rising 2.67% compared with the Sensex's 6.48% rise. The scrip, also underperformed the market in past one quarter, falling 14.85% as against Sensex's 2.47% rise.

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

GSFC's net profit dropped 96.8% to Rs 5.54 crore on 27.9% rise in net sales to Rs 1017.98 crore in Q1 June 2013 over Q1 June 2012.

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

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