Hot Pursuit     16-Nov-11
Gokul Refoils and Solvent falters on reverse turnaround
Gokul Refoils and Solvent lost 1.11% to Rs 89 at 10:31 IST on BSE after the company posted net loss of Rs 72.74 crore in Q2 September 2011, compared with net profit of Rs 20.22 crore in Q2 September 2010.

The company declared the results at the fag end of trading hours on Tuesday, 15 November 2011. The stock had lost 0.4% to settle at Rs 90 on that day.

Meanwhile, the BSE Sensex was down 175.92 points, or 1.04% to 16,706.75.

On BSE, 1,607 shares were traded in the counter as against average daily volume of 37,507 shares in the past one quarter.

The stock hit a high of Rs 89.75 and a low of Rs 88.50 so far during the day. The stock had hit a 52-week high of Rs 110.80 on 6 April 2011. The stock had hit a 52-week low of Rs 64.80 on 10 December 2010.

The mid-cap stock had outperformed the market over the past one month till 15 November 2011, gaining 2.56% compared with the Sensex's 1.17% decline. The scrip had, however, underperformed the market in past one quarter, rising 0.11% as against 0.26% gain in the Sensex.

The company has an equity capital of Rs 26.38 crore. Face value per share is Rs 2.

Gokul Refoils and Solvent's net sales rose 35.9% to Rs 1750.85 crore in Q2 September 2011 over Q2 September 2010.

Gokul Refoils and Solvent is engaged in the business of solvent extraction, refining of edible oils and vanaspati manufacturing.

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