Mangalore Chemicals hits 20% upper circuit after Q2 numbers

India Infoline News Service | Mumbai | October 19, 2016 16:43 IST

The company's total income from operations dropped 6% to Rs 848 crore in the quarter ended September 2016 compared with Rs 898 crore in same period last year.

Mangalore Chemicals
Mangalore Chemicals and Fertilisers hit 20% upper circuit at Rs 63.35 after the company posted its net profit stands at Rs 15 crore for the quarter ended September 30 on strong operational performance despite revenue degrowth

The scrip opened at Rs 53.95 and has touched a high and low of Rs 63.35 and Rs 52.15 respectively. So far 1789383 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 625.79 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 58.5 on 20-Jun-2016 and a 52 week low of Rs 35.3 on 15-Feb-2016. Last one week high and low of the scrip stood at Rs 56.5 and Rs 46.25 respectively.

The promoters holding in the company stood at 75 % while Institutions and Non-Institutions held 2.18 % and 22.82 % respectively.

The stock is currently trading above its 100 DMA.

***Note: This is a NSE Chart



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