Tamilnadu Petroproducts falls as plant operations remain suspended

Tamil Nadu Petroproducts fell 2.16% to Rs 18.15 at 14:23 IST on BSE after the company announced that the company's plant operations remain suspended from 2 December 2015 due to inundation and the consequent power failure.

The announcement was made during market hours today, 8 December 2015.

Meanwhile, the S&P BSE Sensex was down 121.04 points or 0.47% at 25,409.07

On BSE, so far 20,256 shares were traded in the counter as against average daily volume of 38,077 shares in the past one quarter.

The stock hit a high of Rs 18.50 and a low of Rs 18.10 so far during the day. The stock had hit a 52-week low of Rs 10.80 on 30 January 2015. The stock had hit a 52-week high of Rs 27.80 on 19 August 2015.

The stock had outperformed the market over the past one month till 7 December 2015, rising 4.51% compared with 2.80% decline in the Sensex. The scrip, however, underperformed the market in past one quarter, rising 2.2% as against Sensex's 2.56% rise.

The small-cap company has equity capital of Rs 89.97 crore. Face value per share is Rs 10.

Tamilnadu Petroproducts said that the situation is being assessed and information on restart of the operations will be furnished in due course.

Tamil Nadu Petroproducts's net profit jumped 154.7% to Rs 1.63 crore on 4.3% decline in total income to Rs 214.44 crore in Q2 September 2015 over Q2 September 2014.

Tamilnadu Petroproducts is engaged in the manufacture and sale of commodity chemicals.

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