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Phillips Carbon Black drops on profit booking

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fell 2.43% to Rs 645.65 at 12:17 on BSE, with the stock sliding on profit booking after recent rally.

Meanwhile, the S&P Sensex was down 194 points, or 0.6% at 32,079.67. The S&P Small-Cap index was down 129.84 points, or 0.81% at 15,979.37.

On the BSE, 40,000 shares were traded on the counter so far as against the average daily volumes of 1.05 lakh shares in the past one quarter. The stock had hit a high of Rs 667.90 and a low of Rs 637.45 so far during the day. The stock had hit a record high of Rs 672.80 on 7 August 2017 and a 52-week low of Rs 185.30 on 11 August 2016.

The stock had outperformed the market over the past one month till 7 Aug 2017, advancing 6.81% compared with the Sensex's 2.91% rise. The scrip had also outperformed the market over the past one quarter advancing 53.61% as against the Sensex's 8.09% rise. The scrip had also outperformed the market over the past one year advancing 224.87% as against the Sensex's 14.94% rise.

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

Shares of had rallied 13.69% in the preceding seven trading sessions to settle at Rs 661.75 yesterday, 7 August 2017, from its close of Rs 582.05 on 27 July 2017.

Phillips Carbon Black's net profit spurted 930.8% to Rs 28.14 crore on 21% increase in net sales to Rs 549.98 crore in Q4 March 2017 over Q4 March 2016.

is engaged in the manufacture and sale of carbon black, which is used by the rubber industry. It operates through two segments: Carbon black and Power.

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

First Published: Tue, August 08 2017. 12:21 IST