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Nocil hits 52-week high after decent Q4 results

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Capital Market

Nocil rose 2.08% to Rs 110.20 at 10:19 IST on BSE after net profit rose 13% to Rs 25.46 crore on 7.4% increase in net sales to Rs 190.81 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours yesterday, 8 May 2017.

Meanwhile, the S&P BSE Sensex was up 19.47 points, or 0.07% at 29,945.62. The S&P BSE Small-cap index was up 60.45 points, 0.39% at 15,523.03.

On the BSE, 2.08 lakh shares were traded on the counter so far as against the average daily volumes of 4.14 lakh shares in the past one quarter. The stock had hit a high of Rs 111.70 so far during the day, which is also its 52-week high. The stock had hit a low of Rs 108.90 so far during the day.

 

The stock had hit a 52-week low of Rs 47 on 31 May 2016. The stock had outperformed the market over the past one month till 8 May 2017, advancing 13.99% compared with the Sensex's 0.74% rise. The scrip had also outperformed the market over the past one quarter advancing 36.39% as against the Sensex's 5.78% rise.

The small-cap company has equity capital of Rs 163.84 crore. Face value per share is Rs 10.

Nocil manufactures basic organic chemicals.

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First Published: May 09 2017 | 10:20 AM IST

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