NOCIL spurts on strong Q1 chemistry

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FOREIGN FUNDS NET SELL RS.463.89 CR IN EQUITIES ON NOVEMBER 20 (PROV)
MUTUAL FUNDS NET SELL RS.176.7 CR IN EQUITIES ON NOVEMBER 19
DII'S NET BUY RS.18.46 CR IN EQUITIES ON NOVEMBER 20 (PROV)
TO ENTER INTO CUSTOMIZED MOTOR CYCLE BIZ VIA PRO-BIKING SHOWROOMS
TO EXPAND PANTNAGAR CAPACITY TO 70,000 UNITS IN NEXT FEW MONTHS
AKER IS A NORWEGIAN SERVICE PROVIDER CO FOR OIL AND GAS OPERATIONS
AKER SOLUTIONS TO PROVIDE SUPPORT SERVICES IN KG BASIN
AKER BAGGED SUB SEA PRODUCTION ORDER FROM RIL IN 2006 ALSO
RELIANCE IND PLACES RS.115 CR ORDER WITH NORWAY'S AKER SOLUTIONS
PORTING CHARGES TO BECOME APPLICABLE FROM DECEMBER 31, 2009
MNP ALLOWS USERS TO CHANGE OPERATORS WHILE RETAINING MOBILE NOS
USERS TO PAY MAX OF RS.19 TO CHANGE OPERATOR WHILE RETAINING OLD NUMBER
TRAI COMES OUT WITH NUMBER PORTABILITY CHARGES
PUNJAB NATIONAL BANK PLANS TO RAISE RS 700 CR BY SELLING BONDS
TATA TELE-QUIPPO OFFERING BETTER SERVICING DEAL FOR TOWERS: SOURCES
GTL BID 10-15% HIGHER THAN TATA-QUIPPO: SOURCES
DEAL VALUED AT AROUND RS.6000 CR : SOURCES
MAY JOIN RACE FOR SHELL'S EUROPEAN REFINERIES: SOURCES
SENSEX, NIFTY UP 1% EACH FOR THE WEEK
CNX MIDCAP INDEX UP 1%, BSE SMALLCAP INDEX UP 1.6%
METAL INDEX UP 3.7%, AUTO INDEX UP 2.3%, FMCG UP 1.5%
INDEX GAINERS: SUZLON UP 9.3%, TATA STEEL UP 6.3%, SAIL UP 5.3%
APPROACHED SHELL FOR BUYOUTS BEFORE ESSAR'S EXCLUSIVE TALKS BEGUN
ESSAR-SHELL IN EXCLUSIVE NEGOTIATIONS TILL NOV 30 TO BUY 3 SHELL REFINERIES
RIL SPOKESPERSON: 'WE ARE REVIEWING A NUMBER OF GLOBAL OPPORTUNITIES'
RIL SPOKESPERSON TO NDTV: 'REVIEWS CANNOT ASSURE TRANSACTIONS'
JSW ENERGY ALSO IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
CESC, SREI INFRA IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
GAMMON INFRA BAGS NHAI PROJECT WORTH RS.850 CRORES
NET PROFIT AT RS.48.2 CR VS RS.12 CR; SALES UP 55% AT RS.849 CR (YOY)

Updated: 23/07/2008 | 12:00 AM IST

Manufacturing

Capital Market

Wednesday, July 23, 2008 (New Delhi)

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The company announced the results after trading hours yesterday, 22 July 2008.

Meanwhile, the BSE Sensex was up 563.10 points, or 3.99%, to 14,667.30. The market spurted today, 23 July 2008, after the Congress-led United Progressive Alliance (UPA) government late on Tuesday, 22 July 2008, retained power by winning trust vote in parliament, ending political uncertainty. A further fall in oil prices and firm global markets also boosted sentiments.

On BSE, 33,557 shares were traded in the counter. The scrip had an average daily volume of 3.68 lakh shares in the past one quarter.

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 small-cap company had underperformed the market over the past one month till 22 July 2008, declining 1.85% compared to the Sensex’s decline of 1.32%. It had also underperformed the market in the past one quarter, declining 25.57% compared to Sensex’s decline of 15.53%.

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.