Himadri Chemicals & Industries hit an upper circuit limit of 20% at Rs 19.25 at 14:48 IST on BSE after the company reported net profit of Rs 21.76 crore in Q3 December 2013 as against net loss of Rs 16 crore in Q3 December 2012.
The result was announced after market hours on Thursday, 6 February 2014.
Meanwhile, the BSE Sensex was up 25.30 points, or 0.12%, to 20,336.04.
On BSE, so far 50,000 shares were traded in the counter, compared with an average volume of 7,693 shares in the past one quarter.
The stock hit a high of Rs 19.25 and a low of Rs 18.10 so far during the day. The stock hit a 52-week high of Rs 25.85 on 7 February 2013. The stock hit a 52-week low of Rs 12 on 28 March 2013.
The stock had underperformed the market over the past one month till 6 February 2014, sliding 11.57% compared with the Sensex's 2.29% fall. The scrip had, however, outperformed the market in past one quarter, rising 0.31% as against Sensex's 2.80% decline.
The small-cap company has an equity capital of Rs 38.57 crore. Face value per share is Re 1.
Himadri Chemicals & Industries' net sales declined 0.72% to Rs 334.67 crore in Q3 December 2013 over Q3 December 2012.
Himadri Chemicals & Industries is the largest coal tar pitch manufacturing company in India. It is a carbon specialist, developing coal tar by-products and derivatives (advanced carbon material, carbon black, corrosion protection and naphthalene). The company addresses growing needs of sectors like aluminium, graphite, infrastructure, lithium-ion battery, tyre and rubber applications. The company has also invested in 2.5 megawatts of wind power generation in Dhule (Maharashtra, India).
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