Phillips Carbon advances after strong Q1 result

Phillips Carbon Black rose 2.37% to Rs 209.90 at 10:44 IST on BSE, after net profit jumped 302.01% to Rs 12.02 crore on 10.3% fall in total income to Rs 481.74 crore in Q1 June 2016 over Q1 June 2015.

The Q1 result was announced after market hours yesterday, 17 August 2016.

Meanwhile, the S&P BSE Sensex was up 183.55 points, or 0.66%, to 28,188.92

On BSE, so far 1.26 lakh shares were traded in the counter as against an average daily volume of 89,612 shares in the past one quarter. The stock hit a high of Rs 216 and a low of Rs 208.80 so far during the day. The stock had hit a 52-week high of Rs 218.80 on 1 August 2016. The stock hit a 52-week low of Rs 80.10 on 29 February 2016. The stock had outperformed the market over the past 30 days till 17 August 2016, rising 13.29% compared with 0.78% rise in the Sensex. The scrip, however, outperformed the market in past one quarter, surging 70.73% as against Sensex's 10.26% rise.

 

The small-cap company has an equity capital of Rs 34.47 crore. Face value per share is Rs 10.

Phillips Carbon Black is a leading producer of carbon black in the country.

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