Gujarat State Fertilizers & Chemicals dropped 3.26% to Rs 104 at 10:50 IST on BSE after company's net profit rose 2.24% to Rs 103.47 crore on 10.99% decline in total income to Rs 1344.64 crore in Q3 December 2014 over Q3 December 2013.
The company announced Q3 results after market hours yesterday, 27 January 2015.
Meanwhile, the S&P BSE Sensex was down 56.82 points or 0.2% at 29,511.78.
On BSE, so far 3.11 lakh shares were traded in the counter as against average daily volume of 3.16 lakh shares in the past one quarter.
The stock hit a high of Rs 106.70 and a low of Rs 103.25 so far during the day. The stock had hit a record high of Rs 124.50 on 3 November 2014. The stock had hit a 52-week low of Rs 43.70 on 4 March 2014.
The stock had underperformed the market over the past one month till 27 January 2015, gaining 2.92% compared with Sensex's 8.55% rise. The scrip had also underperformed the market in past one quarter, declining 7.05% as against Sensex's 10.53% rise.
The mid-cap fertiliser manufacturer has equity capital of Rs 79.70 crore. Face value per share is Rs 2.
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