Gujarat Alkalies:Dismal Performance:Exit immediately

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Gujarat Alkalies, Net Profit for Q1 FY 2006-07, at Rs 42.57 crore:Dismal Performance: 15th July, 2006. Gujarat Alkalies & Chemicals Ltd posted unaudited results for the quarter ended June 30, 2006. It posted a net profit of Rs 42.57 crore for the quarter ended June 30, 2006 (Q1 FY 06-07) as compared to Rs 63.21 crore in the same period last year. Total Income (net of excise) has increased to Rs 247.43 crore for Q1 FY 06-07 from Rs 247.08 crore in Q1 FY 05-06--the net income remained flat. The current market price of the shares of the company is Rs.155.25. Exit the shares immediately on moday. It might slide further.[With inputs from the Internet]. Suman Mukherjee India. http://sumanspeaks.blogspot.com/ www.bcozindia.com

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