Kaveri Seed Company gained 1.88% to Rs 465.60 at 14:00 IST on BSE after net profit spurted 52.97% to Rs 5.43 crore on 7.37% decline in total income to Rs 72.26 crore in Q3 December 2017 over Q3 December 2016.
The result was announced during market hours today, 7 February 2018.Meanwhile, the S&P BSE Sensex was down 16.25 points, or 0.05% to 34,179.69. The S&P BSE Mid-Cap index was up 144.03 points, or 0.88% to 16,425.12, outperforming the Sensex.
On the BSE, 81,112 shares were traded in the counter so far, compared with average daily volumes of 44,050 shares in the past one quarter. The stock had hit a high of Rs 481.10 and a low of Rs 458.75 so far during the day. The stock had hit a 52-week high of Rs 708.10 on 7 August 2017. The stock had hit a 52-week low of Rs 433 on 6 February 2018.
The stock had dropped 11.34% in four sessions to Rs 457 yesterday, 6 February 2018, from a close of Rs 515.45 on 31 January 2018.
The stock had underperformed the market over the past one month till 6 February 2018, declining 15.19% compared with 0.12% rise in the Sensex. The scrip had also underperformed the market in past one quarter, dropping 18.57% as against Sensex's 1.38% rise. The scrip had also underperformed the market in past one year, sliding 3.65% as against Sensex's 20.24% rise.
The mid-cap company has equity capital of Rs 13.22 crore. Face value per share is Rs 2.
Kaveri Seed Company is in the business of seeds.
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