JBF Inds hits 52-week low

JBF Industries fell 2.25% to Rs 104.50 at 14:35 IST on BSE, with the stock extending its recent sharp slide amid weakness in broader markets.

Meanwhile, the S&P BSE Sensex was down 57.83 points or 0.17% at 33,078.35. The S&P BSE Small-Cap index fell 0.81%, underperforming the Sensex.

On the BSE, 31,000 shares were traded on the counter so far as against the average daily volumes of 49,403 shares in the past one quarter. The stock had hit a low of Rs 103.45 so far during the day, which is a 52-week low. The stock hit a high of Rs 111 so far during the day. The stock had hit a record high of Rs 326 on 22 June 2017.

The small-cap company has equity capital of Rs 81.87 crore. Face value per share is Rs 10.

Shares of JBF Industries have tumbled 28.64% in five straight trading sessions to its ruling price, from its close of Rs 146.45 on 15 March 2018.

JBF Industries reported a net loss of Rs 16.33 crore in Q3 December 2017, compared with net profit of Rs 3.52 crore in Q3 December 2016. Net sales declined 14.8% to Rs 817.47 crore in Q3 December 2017 over Q3 December 2016.

JBF Industries is a manufacturer of polyester chips, polyester yarn and processed yarn from polyester chips.

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