CapitalMarket.com - Chambal Fertilisers drops on profit taking after 8-day 13.1% rally
Hot Pursuit Monday, July 09, 2012 15:16 Hrs IST

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Chambal Fertilisers drops on profit taking after 8-day 13.1% rally

Chambal Fertilisers & Chemicals tumbled 4.53% to Rs 77 at 15:15 IST on BSE, with the stock sliding on profit taking after 8-day 13.11% rally.

Meanwhile, the BSE Sensex was down 124.25 points or 0.71% to 17,396.87.

On BSE, 1.87 lakh shares were traded in the counter as against average daily volume of 2.67 lakh shares in the past one quarter.

The stock hit a high of Rs 80.60 and a low of Rs 76.55 so far during the day. The stock had hit a 52-week low of Rs 66.30 on 9 May 2012. The stock had hit a record high of Rs 118.50 on 9 September 2011.

The mid-cap stock had outperformed the market over the past one month till 6 July 2012, surging 8.33% compared with the Sensex's 6.48% rise. The stock had, however, underperformed the market in past one quarter, falling 2.48% as against Sensex's 0.2% rise.

The company has an equity capital of Rs 416.21 crore. Face value per share is Rs 10.

The Chambal Fertilisers & Chemicals stock had jumped 13.11% in eight trading sessions to settle at Rs 80.65 on Friday, 6 July 2012, from a recent low of Rs 71.30 on 26 June 2012.

Chambal Fertilisers & Chemicals' net profit rose 37.6% to Rs 93.19 crore on 133.3% growth in net sales to Rs 1882.84 crore in Q4 March 2012 over Q4 March 2011.

Chambal Fertilisers & Chemicals is one of the largest private sector fertilizer producers in India.

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