Mysore Petro Chemicals slumps after poor Q1 numbers

Mysore Petro Chemicals tumbled 13.95% to Rs 63.25 at 14:44 IST on BSE after net profit fell 50.49% to Rs 1.01 crore on 32.14% decline in total income from operations (net) to Rs 6.29 crore in Q1 June 2015 over Q1 June 2014.

The Q1 result was announced during market hours today, 17 July 2015.

Meanwhile, the S&P BSE Sensex was up 38.64 points or 0.14% at 28,484.76.

On BSE, so far 48,000 shares were traded in the counter as against average daily volume of 6,557 shares in the past one quarter.

The stock hit a high of Rs 77.90 and a low of Rs 63 so far during the day. The stock had hit a 52-week low of Rs 33.85 on 25 August 2014. The stock had hit a 52-week high of Rs 83.40 on 20 January 2015.

The stock had outperformed the market over the past one month till 16 July 2015, surging 38.55% compared with Sensex's 6.59% rise. The scrip had also outperformed the market in past one quarter, jumping 45.98% as against Sensex's 0.77% fall.

The small-cap company has equity capital of Rs 6.59 crore. Face value per share is Rs 10.

Mysore Petro Chemicals is engaged in the business of manufacture and sale of chemicals.

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