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Vinyl Chemicals rallies after robust Q3 financials

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Capital Market

Vinyl Chemicals (India) was up 5.07% to Rs 123.25 at 15:13 IST on BSE after net profit galloped 506.67% to Rs 4.55 crore on 62% growth in total income to Rs 110.68 crore in Q3 December 2017 over Q3 December 2016.

The result was announced during market hours today, 23 January 2018.

Meanwhile, the S&P BSE Sensex was up 348.79 points or 0.97% at 36,146.80. The S&P BSE Small-Cap index advanced 0.28%, underperforming the Sensex.

On the BSE, 5.42 lakh shares were traded on the counter so far as against average daily volumes of 47,019 shares in the past one quarter. The stock had hit a high of Rs 130.95 so far during the day, which is a record high. The stock hit a low of Rs 111.40 so far during the day. The stock had hit a 52-week low of Rs 61.60 on 9 March 2017.

 

The small-cap company has equity capital of Rs 1.83 crore. Face value per share is Rs 1.

Vinyl Chemicals (India) is in the business of selling various specialty chemicals mainly to textile, paints and adhesive sectors.

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First Published: Jan 23 2018 | 3:10 PM IST

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