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Goa Carbon hits the roof

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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.

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

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