Market a bit bias; India Glycols zooms over 18 per cent

With the Sensex trading marginally down, the stocks of small caps are in no mood to comprise. Amongst the two major gainers of small caps, India Glycols has rallied over 18 per cent on an intraday basis on June 21.

The company which operates in chemical segment is amongst the major gainers in the industry. The shares' 52 week high/low stand at Rs 114.30/65.25. The shares as at 2.28 pm, are trading at Rs 104.50 and have gained by 18.13 per cent. The shares in the last one month have rallied over 26 per cent. The industry P/E stands at 24.39, the company’s trailing twelve-month P/E has remained fragmented, as the EPS for the last twelve months is negative and stands at -11.03.

The share prices, however do not reflect on the results. The company has reported a net loss in the Q4FY16, of Rs 17.58 crores. The interesting fact to note here is in Q4FY15, the company reported a loss of Rs 2.63 crores which has widened significantly but has reduced as compared to the adjacent quarter, (Q3FY16). 

India Glycols is a company that manufactures green technology based bulk, specialty and performance chemicals and natural gums, spirits, industrial gases, sugar and nutraceuticals. Its product range spans from chemicals, spirits, herbal and other phytochemical extracts and guar gum, industrial gases and realty sectors. The company operates in three segments i.e. chemicals, ethyl alcohol and others.