Gujarat Industries Power Company fell 1.92% to Rs 122.50 at 11:53 IST on BSE, with the stock sliding on profit booking after recent rally.
Meanwhile, the S&P BSE Sensex was down 2.62 points, or 0.01% at 31,219. The S&P BSE Small-Cap index was down 7.84 points, or 0.05% at 15,564.82.
On the BSE, 72,000 shares were traded on the counter so far as against the average daily volumes of 1.02 lakh shares in the past two weeks. The stock had hit a high of Rs 128 so far during the day, which is also its 52-week high. The stock hit a low of Rs 121.35 so far during the day. The stock had hit a 52-week low of Rs 84.10 on 21 September 2016.
The stock had outperformed the market over the past one month till 3 July 2017, advancing 18.78% compared with the Sensex's 0.17% fall. The scrip had also outperformed the market over the past one quarter advancing 14.75% as against the Sensex's 4.38% rise. The scrip had also outperformed the market over the past one year advancing 33.37% as against the Sensex's 15.02% rise.
The small-cap company has equity capital of Rs 151.25 crore. Face value per share is Rs 10.
Shares of Gujarat Industries Power Company had rallied 13.6% in the preceding four trading sessions to settle at Rs 124.90 yesterday, 3 July 2017, from its close of Rs 109.95 on 27 June 2017.
Gujarat Industries Power Company's net profit rose 29.7% to Rs 82.45 crore on 8.7% decrease in net sales to Rs 336.22 crore in Q4 March 2017 over Q4 March 2016.
Gujarat Industries Power Company is engaged in the business of electrical power generation.
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