Mangalore Chemicals tumbles after block deals

Meanwhile, the S&P BSE Sensex was down 244.06 points or 1.25% at 19,219.53.

On BSE, a whopping 2.59 crore shares changed hands in the counter as against average daily volume of 2.06 lakh shares in the past one quarter.

The stock hit a high of Rs 64.50 and a low of Rs 56.20 so far during the day. The stock had hit a record high of Rs 66.15 on Tuesday, 2 July 2013. The stock had hit a 52-week low of Rs 27.30 on 4 March 2013.

The stock had outperformed the market over the past one month till 2 July 2013, surging 57.77% compared with the Sensex's 1.5% fall. The scrip had also outperformed the market in past one quarter, jumping 58.78% as against Sensex's 2.22% rise.

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

Mangalore Chemicals & Fertilizers' net profit fell 21.6% to Rs 16.84 crore on 36% decline in net sales to Rs 649.80 crore in Q4 March 2013 over Q4 March 2012.

Mangalore Chemicals & Fertilizers makes wide range of products including urea, di-ammonium phosphate, muriate of potash, granulated fertilizers, micronutrients, soil conditioners and specialty fertilizers.

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