Godawari Power & Ispat fell 2.42% to Rs 278.80 at 14:18 IST on BSE on profit booking after a recent rally.
Meanwhile, the S&P BSE Sensex was almost unchanged at 33,776.72.On the BSE, 1.27 lakh shares were traded in the counter so far, compared with average daily volumes of 2.92 lakh shares in the past two weeks. The stock had hit a high of Rs 288.90 and a low of Rs 276 so far during the day. The stock hit a 52-week high of Rs 296.95 on 20 December 2017. The stock hit a 52-week low of Rs 56.55 on 26 December 2016.
Shares of Godawari Power & Ispat surged 54.31% in six trading sessions to settle at Rs 285.70 yesterday, 20 December 2017, from its close of Rs 185.15 on 12 December 2017.
On a consolidated basis, Godawari Power & Ispat reported net profit of Rs 29.35 crore in Q2 September 2017 as against net loss of Rs 49.80 crore in Q2 September 2016. Net sales rose 40.80% to Rs 554.65 crore in Q2 September 2017 over Q2 September 2016.
Godawari Power & Ispat is an end-to-end manufacturer of mild steel wires. In the process, the company manufactures sponge iron, billets, ferro alloys, captive power, wires rods (through subsidiary company), steel wires, oxygen gas, fly ash brick and iron ore pellets.
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