As many as 1.68 lakh shares were traded on the BSE

The stock had hit a low of Rs 18.30 on 14 June after getting battered in the recent market meltdown. Here, the stock found support and rose to Rs 22.15 on 25 June only to slip back to Rs 19.45 on 31 July 2006 as the market turned volatile.

National Organic Chemical Industries (NOCIL) registered a decline of 19.95% in net profit to Rs 7.70 crore in Q1 June 2006 compared to Rs 9.62 crore in Q1 June 2005. Net sales during the period decreased to Rs 85.87 crore from Rs 101.39 crore.

The Board of Industrial Finance and Reconstruction had in its order dated 30 November 2005 stated that the company was no longer sick as its networth had turned positive for the period ended 31 March 2005.

National Organic Chemical Industries makes rubber chemicals. After spinning off its petrochemicals and plastic products divisions to the Reliance Group, NOCIL now focusses only on rubber chemicals, a key input in tyre production.