Mangalore Chemicals declines after revision in circuit filter

Mangalore Chemicals & Fertilizers lost 2.27% to Rs 101.25 at 13:07 IST on BSE after revision in the stock's circuit filter to 10% from earlier 20% with effect from today, 8 October 2014.

Meanwhile, the S&P BSE Sensex was down 10.82 points or 0.04% at 26,261.15.

On BSE, so far 88,000 shares were traded in the counter as against average daily volume of 6.83 lakh shares in the past two weeks.

The stock hit a high of Rs 104.65 so far during the day, which is a record high for the counter. The stock hit a low of Rs 101 so far during the day.

The Bombay Stock Exchange (BSE) has revised circuit filters of a total of 733 scrips with effect from today, 8 October 2014.

Mangalore Chemicals & Ferlizers reported a net loss of Rs 9.76 crore in Q1 June 2014, lower than net loss of Rs 12.04 crore in Q1 June 2013. Net sales declined 29% to Rs 430.99 crore in Q1 June 2014 over Q1 June 2013.

Mangalore Chemicals & Fertilizers is a fertilizers manufacturing company situated in Karnataka, India. The company makes a wide range of products, that include urea, di-ammonium phosphate, muriate of potash, granulated fertilizers, micronutrients, soil conditioners and specialty fertilizers.

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