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Goa Carbon slips on reporting net loss of Rs 14 crore in Q2

Goa Carbon is currently trading at Rs. 229.40, down by 12.05 points or 4.99% from its previous closing of Rs. 241.45 on the BSE.

The scrip opened at Rs. 229.40 and has touched a high and low of Rs. 240.00 and Rs. 229.40 respectively. So far 1495 shares were traded on the counter.

The BSE group ‘T’ stock of face value Rs. 10 has touched a 52 week high of Rs. 780.20 on 12-Oct-2018 and a 52 week low of Rs. 203.00 on 26-Aug-2019.

Last one week high and low of the scrip stood at Rs. 276.00 and Rs. 229.40 respectively. The current market cap of the company is Rs. 209.93 crore.

The promoters holding in the company stood at 59.72%, while Institutions and Non-Institutions held 0.22% and 40.06% respectively.

Goa Carbon has reported a net loss of Rs 13.77 crore for the quarter ended September 30, 2019 as compared to net loss of Rs 1.27 crore for the same quarter in the previous year. Total income of the company decreased by 11.01% at Rs 101.77 crore for Q2FY20 as compared Rs 114.36 crore for the corresponding quarter previous year.

Goa Carbon is into the business of manufacturing and marketing Calcined Petroleum Coke. Goa Carbon is firmly established as a leading Indian petcoke calciner. It is a regular supplier to aluminium smelters, graphite electrode and Titanium Dioxide manufacturers, as well as other users in the metallurgical and chemical industries.