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Gujarat Borosil spurts on opening new facility

Capital Market 

Borosil surged 7.57% to Rs 96.60 at 12:46 on after the company opened its new glass melting and production facility for 2mm fully tempered solar glass.

The announcement was made during market hours today, 11 October 2017.

Meanwhile, the S&P Sensex was up 118.36 points or 0.37% at 32,042.77. The S&P Small-Cap index advanced 87.16 points or 0.52% at 16,979.66.

On the BSE, 2.18 lakh shares were traded on the counter so far as against the average daily volumes of 40,386 shares in the past one quarter. The stock had hit a high of Rs 99.80 and a low of Rs 91.75 so far during the day. The stock had hit a record high of Rs 120 on 24 October 2016 and a 52-week low of Rs 66.55 on 22 November 2016.

The stock had outperformed the market over the past one month till 10 October 2017, advancing 5.09% compared with the Sensex's 0.75% rise. The stock had, however, underperformed the market over the past one quarter, sliding 5.92% as against the Sensex's 0.66% rise. The scrip had also underperformed the market over the past one year, gaining 6.02% as against the Sensex's 13.68% rise.

The small-cap company has equity capital of Rs 34.10 crore. Face value per share is Rs 5.

Borosil's net profit fell 81.1% to Rs 0.60 crore on 5.1% decline in net sales to Rs 40.62 crore in Q1 June 2017 over Q1 June 2016.

Borosil is an active player in the flat glass industry.

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

First Published: Wed, October 11 2017. 12:44 IST