Clariant Chemicals (India) declines after weak Q2 earnings

Clariant Chemicals (India) fell 1.32% to Rs 725 at 11:36 IST on BSE after net profit declined 86.1% to Rs 3.46 crore on 2.1% rise in net sales to Rs 227.62 crore in Q2 September 2016 over Q2 September 2015.

The result was announced after market hours yesterday, 1 December 2016.

Meanwhile, the BSE Sensex was down 238.39 points, or 0.90%, to 26,321.53.

On the BSE, so far 6,278 shares were traded in the counter, compared with average daily volumes of 3,772 shares in the past one quarter. The stock had hit a high of Rs 735.10 and a low of Rs 718.50 so far during the day.

 

The stock hit a 52-week high of Rs 838 on 10 October 2016. The stock hit a 52-week low of Rs 587.25 on 1 March 2016. The stock had underperformed the market over the past 30 days till 1 December 2016, falling 6.23% compared with the 3.51% decline in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 0.49% as against Sensex's 6.91% decline.

The small-cap specialty chemicals company has equity capital of Rs 23.08 crore. Face value per share is Rs 10.

Clariant Chemicals (India) is a manufacturer and seller of specialty chemicals.

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