You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Goa Carbon hits the roof

Business Finance

Capital Market 

Goa Carbon hit an upper circuit limit of 5% at Rs 792.85 at 10:17 IST on BSE after the company said its Goa unit resumed operations after maintenance.

The announcement was made after market hours on 17 August 2018.

Meanwhile, the S&P BSE Sensex was up 284.73 points, or 0.75% to 38,232.61.

On the BSE, 32,000 shares were traded in the counter so far compared with average daily volumes of 65,000 shares in the past two weeks. The stock had hit a high of Rs 792.85 and a low of Rs 780.50 so far during the day. The stock hit a record high of Rs 1,215.40 on 15 January 2018. The stock hit a 52-week low of Rs 255.30 on 18 August 2017.

Goa Carbon announced that the maintenance work at its Goa unit located at St. Jose de Areal, Salcete-Goa has been completed and the Kiln has been lit up. After preliminary heat up, feeding of raw material will commence and normal production will resume from 18 August 2018.

Net profit of Goa Carbon rose 29.57% to Rs 7.45 crore on 59.24% rise in net sales to Rs 124.67 crore in Q1 June 2018 over Q1 June 2017.

Goa Carbon is in the business of manufacture and marketing of calcined petroleum coke.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, August 20 2018. 10:38 IST