NOCIL's Q2 Net Profit At Rs 46 Crore

NOCIL Ltd reported 156 per cent increased in consolidated net profit at Rs 46 crore for the quarter ended 30^th September 2016. The net profit of the Company in the corresponding quarter of the previous fiscal year was Rs 18 crores. The sales of the company during the 30^thSeptember quarter stands to Rs 179 crores, over Rs 180 crores in the year-ago period.

During the quarter under review, EBITDA Margin was at 22.8 per cent compared with 18.7 per cent. The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 80.35 on 19^th October 2016 and a 52 week low of Rs 37.65 on 12^th February 2016. Last one week high and low of the share stood at Rs 80.35 and Rs 73 respectively.

The promoters holding in the company stood at 37.61 per cent while Institutions and Non-Institutions held 2.31 per cent and 60.08 per cent respectively. The stock is currently trading above its 50 DMA.

NOCIL‘s involvement in the field of Rubber chemicals business spans over 4 decades. The Company is one of the few players in this business to offer wide range of rubber chemicals to suit the customer needs. Due to our rich experience as well as offering a one stop shop to customers, NOCIL is today acknowledged as a dependable supplier of rubber chemicals. Globally the Company is recognized for our technical capabilities and on this aspect alone, NOCIL enjoys an edge over other players in this business.

Currently Nocil share price is trading at Rs 76.95, down by 1.85 per cent or 1.45 points. A total of 5,67,828 shares of the Company have been traded on the counter of NSE aggregating to a total of Rs 440.24 lacs. Get the most important support and resistance levels of the share at Nocil share price forecast.