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Chemfab Alkalis drops on weak Q4 numbers

Capital Market/ 11:48 , Apr 06, 2011

Chemfab Alkalis lost 1.69% to Rs 58 at 11:45 IST on BSE, after net profit fell 38.4% to Rs 1.49 crore on 67% decline in net sales to Rs 7.18 crore in Q4 March 2011 over Q4 March 2010.

The company announced the results after market hours on Tuesday, 5 April 2011.

Meanwhile, the BSE Sensex was down 67.37 points, or 0.34%, to 19,619.45.

On BSE, 28,562 shares were traded in the counter as against average daily volume of 7,378 shares over the past one quarter.

The stock hit a high of Rs 59.10 and a low of Rs 54.35 so far during the day. The stock had hit a 52-week high of Rs 79 on 11 November 2010 and a 52-week low of Rs 45.90 on 21 March 2011.

The small-cap stock had outperformed the market over the past one month till 5 April 2011, rising 25.27% compared with the Sensex's return of 6.49%. The stock had underperformed the market in past one quarter, falling 9.30% as against Sensex's decline of 3.09%.

The company has an equity capital of Rs 4.59 crore. Face value per share is Rs 5.

At the time of announcing the results, the board of directors of the company recommended a dividend of Rs 2.50 per share (50%) for the year ended March 2011.

 



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