NOCIL jumped 10.59% to Rs 23.50 at 9:55 IST on BSE on reporting 473.4% surge in net profit to Rs 11.64 crore in Q1 June 2008 over Q1 June 2007.
The company announced the results after trading hours yesterday, 22 July 2008.
The stock hit a high of Rs 25.50 and a low of Rs 23 so far during the day. The stock had a 52-week high of Rs 67.95 on 4 January 2008 and a 52-week low of Rs 17.55 on 2 July 2008.
The company has an equity capital of Rs 160.79 crore. Face value per share is Rs 10.
The current price of Rs 23.50 discounts its Q1 June 2008 annualised EPS of Rs 2.90, by a PE multiple of 8.10.
The company’s net sales rose 73.9% to Rs 128.39 crore in Q1 June 2008 over Q1 June 2007.
The company manufactures a wide range of petrochemicals like, ethylene, propylene, butadiene, benzene and their derivatives, polymers, rubber, chemicals and plastic products.
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