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Hot-Pursuit06/02/2012  03:21 PM

OCL India drops on profit taking after two-day 11.88% rally

Meanwhile, the BSE Sensex was up 86.83 points, or 0.49% to 17,691.79.

On BSE, 32,000 shares were traded in the counter as against average daily volume of 3,456 shares over the past one quarter.

The stock hit a high of Rs 107 and a low of Rs 100.25 so far during the day. The stock had hit a 52-week low of Rs 83.05 on 26 August 2011. The stock had hit a 52-week high of Rs 124.95 on 5 April 2011.

The small-cap stock had outperformed the market over the past one month till 3 February 2012, rising 14.29% compared with the Sensexs return of 10.45%. The scrip had also outperformed the market in past one quarter, gaining 14.29% as against 0.7% gain in the Sensex.

The company has an equity capital of Rs 11.38 crore. Face value per share is Rs 2.

The OCL India stock had jumped 11.88% in two trading sessions to settle at Rs 104 on Friday, 3 February 2012, from Rs 92.95 on Wednesday, 1 February 2012, after the company reported strong Q3 results during trading hours on Thursday, 2 February 2012. The stock had rallied 7.58% to settle at Rs 100 on Thursday, 2 February 2012.

OCL Indias net profit jumped 78.1% to Rs 37.82 crore on 25% growth in net sales to Rs 426.27 crore in Q3 December 2011 over Q3 December 2010.

OCL India is the flagship company of Dalmia Group of companies. OCL India is in the business of cement and refractories.

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