Monsanto India surged 14.23% to Rs 1,224 at 14:57 IST on BSE, with the stock extending recent steep rally triggered by the company reporting strong Q3 earnings.
Meanwhile, the S&P BSE Sensex was up 10.66 points or 0.05% at 20,219.92.
On BSE, so far 1.26 lakh shares were traded in the counter as against average daily volume of 8,325 shares in the past one quarter.
The stock hit a high of Rs 1,247 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 1,018.15 so far during the day. The stock had hit a 52-week low of Rs 560 on 16 April 2013.
The stock had outperformed the market over the past one month till 3 February 2014, surging 29.17% compared with the Sensex's 3.08% fall. The scrip had also outperformed the market in past one quarter, advancing 50.61% as against Sensex's 4.85% fall.
The small-cap company has equity capital of Rs 17.26 crore. Face value per share is Rs 10.
Also Read
Shares of Monsanto India have rallied 48.83% in three trading sessions from Rs 822.40 on 30 January 2014, after the company during trading hours on 31 January 2014 reported strong Q3 December 2013 earnings.
Monsanto India's net profit surged 122.4% to Rs 65.11 crore on 62.6% growth in net sales to Rs 181.67 crore in Q3 December 2013 over Q3 December 2012. Operating profit margin (OPM) was up by a whopping 1,200 basis points YoY to 36.6% in Q3 December 2013. Operating profit jumped 143% to Rs 66.77 crore in Q3 December 2013 over Q3 December 2012.
Monsanto India, a subsidiary of the Monsanto Company, USA is a seed company focusing on maize and agricultural productivity.
Powered by Capital Market - Live News