Himadri Speciality Chemical on a stellar rally

Himadri Speciality Chemical rose 3.21% to Rs 115.60 at 14:27 IST on BSE, with the stock extending its recent sharp rally.

Meanwhile, the S&P BSE Sensex was down 209.77 points or 0.66% at 31,682.46. The S&P BSE Mid-Cap index fell 119.52 points or 0.76% at 15,567.14.

On the BSE, 4.07 lakh shares were traded on the counter so far as against the average daily volumes of 2.44 lakh shares in the past one quarter. The stock had hit a high of Rs 116.85 so far during the day, which is a record high. The stock hit a low of Rs 111.10 so far during the day. The stock had hit a 52-week low of Rs 32.70 on 28 December 2016.

The stock had outperformed the market over the past one month till 1 September 2017, advancing 28.88% compared with the Sensex's 2.1% fall. The stock had also outperformed the market over the past one quarter, gaining 85.89% as against the Sensex's 2.42% rise. The scrip had also outperformed the market over the past one year, jumping 213.73% as against the Sensex's 12.2% rise.

The mid-cap company has equity capital of Rs 41.84 crore. Face value per share is Rs 1.

Shares of Himadri Speciality Chemical have rallied 53.72% in 15 trading sessions to its ruling market price, from its close of Rs 75.20 on 10 August 2017.

Himadri Speciality Chemical's net profit spurted 330.2% to Rs 50.03 crore on 77.3% increase in net sales to Rs 452.32 crore in Q1 June 2017 over Q1 June 2016.

Himadri Speciality Chemical is a coal tar pitch manufacturing company.

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