Hot Pursuit     03-Nov-16
Gulshan Polyols jumps as board to mull stock split
Gulshan Polyols rose 5.71% to Rs 424 at 10:20 IST on BSE after the company said its board will consider stock split on 5 November 2016.
The announcement was made after market hours yesterday, 2 November 2016.

Meanwhile, the BSE Sensex was up 20.36 points, or 0.07%, to 27,547.58.

On BSE, so far 2,530 shares were traded in the counter, compared with average daily volume of 3,010 shares in the past one quarter. The stock hit a high of Rs 428 and a low of Rs 410 so far during the day. The stock hit a 52-week high of Rs 490 on 6 January 2016. The stock hit a 52-week low of Rs 275 on 29 February 2016. The stock had outperformed the market over the past 30 days till 2 November 2016, rising 11.35% compared with the 2.85% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 11.48% as against Sensex's 0.68% decline.

The small-cap company has equity capital of Rs 4.69 crore. Face value per share is Rs 5.

Net profit of Gulshan Polyols declined 14% to Rs 7.43 crore on 13.78% rise in net sales to Rs 116.54 crore in Q1 June 2016 over Q1 June 2015.

Gulshan Polyols is a leading manufacturer of specialty chemicals. It is one of the largest manufacturers of precipitated calcium carbonate and sorbitol in India.

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