Wednesday, April 1, 2009

Mid-Cap Capital Maker Has An Equity Shares - April 01, 2009

Meanwhile, the BSE Sensex was up 112.46 points, or 1.16%, to 9819.76. On BSE, 16.91 lakh shares were traded in the counter. The scrip had an average daily volume of 2.54 lakh shares in the past one quarter. The stock hit a high of Rs 58.85 and a low of Rs 52.30 so far during the day. The stock had a 52-week high of Rs 324 on 6 May 2008 and a 52-week low of Rs 46.25 on 28 November 2008.

The stock had underperformed the market over the past one month till 30 March 2009, falling 7.80% as compared to the Sensex's 9.19% rise. It had also underperformed the market in the past one quarter, sliding 23.27% as compared to the Sensex's gain of 0.63%.

The mid-cap chemicals maker has an equity capital of Rs 31.98 crore. Face value per share is Rs 1. Around 5 lakh shares changed hands at Rs 55 each on BSE. While, 6.42 lakh shares changed hands at Rs 56.20 each on NSE.

On 19 March 2009 Quantum India Fund had offloaded 43.70 lakh shares in the company in a block deal of which Birla Sun Life Insurance Company had bought 24 lakh shares at Rs 52.50 each.

Godrej Industries reported a net loss of Rs 3.39 crore in Q3 December 2008 as compared to net profit of Rs 33.06 crore in Q3 December 2007. Net sales fell 5.5% to Rs 187.17 crore in Q3 December 2008 over Q3 December 2007.

Godrej Industries is India's leading manufacturer of oleo chemicals and makes more than a hundred chemicals for use in over two dozen industries. It also manufactures edible oils, vanaspati and bakery fats. Besides, it operates businesses in medical diagnostics and real estate.

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