National Peroxide firms up after strong Q1 earnings

National Peroxide rose 6.27% to Rs 1,484 at 10:36 IST on BSE after net profit rose 47.25% to Rs 17.95 crore on 18.08% rise in net sales to Rs 68.30 crore in Q1 June 2017 over Q1 June 2016.

The result was announced after market hours yesterday, 9 August 2017.

Meanwhile, the S&P BSE Sensex was down 141.92 points, or 0.45% to 31,655.92.

On the BSE, 13,000 shares were traded in the counter so far, compared with average daily volumes of 6,679 shares in the past one quarter. The stock had hit a high of Rs 1,545 so far during the day, which is also a record high for the counter. The stock had hit a low of Rs 1,425 so far during the day. The stock hit a 52-week low of Rs 645 on 11 August 2016.

The stock had underperformed the market over the past one month till 9 August 2017, falling 3.60% compared with 0.16% rise in the Sensex. The scrip had outperformed the market in past one quarter, rising 12.68% as against Sensex's 5.11% rise. The scrip had also outperformed the market in past one year, rising 110.76% as against Sensex's 14.48% rise.

The small-cap company has equity capital of Rs 5.75 crore. Face value per share is Rs 10.

Separately, National Peroxide announced after market hours yesterday, 9 August 2017, that its board approved the capacity expansion of the company's Hydrogen Peroxide plant at Kalyan (on 50% w/w basis) from 95,000 tonnes per annum to 1.50 lakh tonnes per annum.

National Peroxide (NPL) is a pioneer in India for peroxygen chemicals and is the largest manufacturer of Hydrogen Peroxide in India.

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