Sunshield Chemicals jumps after winning order

Sunshield Chemicals jumped 8.08% to Rs 292.85 at 14:40 IST on BSE after the company said that it has entered into supply agreement with Elantas GmbH Germany, for a period ending 31st December 2020 to supply THEIC product.

The announcement was made during market hours today, 17 November 2017.

The value of supply for a period of 12 months would be Rs 28 crore approximately, company added.

Meanwhile, the S&P BSE Sensex was up 285.65 points or 0.86% at 33,392.47. The S&P BSE Small-Cap index was up 154.15 points or 0.88% at 17,617.01, underperforming the Sensex.

High volumes were witnessed on the counter. On the BSE, 13,468 shares were traded on the counter so far as against the average daily volumes of 3,820 shares in the past one quarter. The stock had hit a high of Rs 292.85 and a low of Rs 270 so far during the day. The stock had hit a 52-week high of Rs 403 on 21 April 2017. The stock had hit a 52-week low of Rs 240 on 28 September 2017.

The stock had outperformed the market over the past one month till 16 November 2017, gaining 6.25% compared with the Sensex's 1.45% rise. The stock had, however, underperformed the market over the past one quarter, declining 4.6% as against the Sensex's 4.2% rise. The scrip had also underperformed the market over the past one year, falling 7.6% as against the Sensex's 25.89% rise.

The small-cap company has equity capital of Rs 479.62 crore. Face value per share is Rs 2.

Sunshield Chemicals reported net loss of Rs 0.94 crore in Q1 June 2017 compared with net loss of Rs 0.68 crore in Q1 June 2016. Net sales rose 2.9% to Rs 45.06 crore in Q1 June 2017 over Q1 June 2016.

Sunshield Chemicals is a multi-specialty chemical company.

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