Nocil heads north after robust Q3 earnings

Nocil advanced 1.32% to Rs 203.05 at 14:29 IST on BSE after net profit surged 80.67% to Rs 44.97 crore on 27.25% growth in total income to Rs 252.45 crore in Q3 December 2017 over Q3 December 2016.

The result was announced during market hours today, 31 January 2018.

Meanwhile, the S&P BSE Sensex was down 192.06 points or 0.53% at 35,841.67. The S&P BSE Mid-Cap index dropped 1.72%, underperforming the Sensex.

On the BSE, 6.44 lakh shares were traded on the counter so far as against average daily volumes of 3.19 lakh shares in the past one quarter. The stock had hit a high of Rs 208.40 and a low of Rs 195 so far during the day. The stock had hit a record high of Rs 236 on 5 January 2018 and a 52-week low of Rs 73.80 on 3 February 2017.

The stock had outperformed the market over the past one month till 30 January 2018, gaining 10.14% compared with the Sensex's 5.8% rise. The stock had also outperformed the market over the past one quarter, advancing 10.63% as against the Sensex's 8.32% rise. The scrip had also outperformed the market over the past one year, surging 167.56% as against the Sensex's 29.39% rise.

The mid-cap company has equity capital of Rs 164.38 crore. Face value per share is Rs 10.

Nocil manufactures basic organic chemicals.

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