Mangalore Chemicals spurts after a large bulk deal

Mangalore Chemicals & Fertilizers was locked at 20% upper circuit at Rs 49.90 at 12:41 IST on BSE after a large bulk deal of 38.85 lakh shares was executed on the counter at Rs 41.50 per share at 9:47 IST on BSE today, 24 December 2015.

Meanwhile, the S&P BSE Sensex was down 5.81 points or 0.02% at 25,844.49.

On BSE, so far 45.40 lakh shares were traded in the counter as against average daily volume of 26,202 shares in the past one quarter.

The stock hit a low of Rs 41.50 so far during the day. The stock had hit a 52-week high of Rs 97.15 on 31 December 2014. The stock had hit a 52-week low of Rs 40 on 15 December 2015.

The stock had outperformed the market over the past one month till 23 December 2015, gaining 2.97% compared with Sensex's 0.12% rise. The scrip had, however, underperformed the market in past one quarter, declining 2.8% as against Sensex's 0.11% rise.

The small-cap company has equity capital of Rs 118.52 crore. Face value per share is Rs 10.

Mangalore Chemicals & Fertilizers reported net loss of Rs 19.45 crore in Q2 September 2015 compared with net profit of Rs 42.57 crore in Q2 September 2014. Net sales declined 24.1% to Rs 908.54 crore in Q2 September 2015 over Q2 September 2014.

Mangalore Chemicals & Fertilizers is a fertilizer manufacturing company situated in Karnataka.

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