Sabero Organics Gujarat spurted 10.46% to Rs 115.60 at 9:28 IST on BSE after the company reported a consolidated net profit of Rs 9.45 crore in Q1 June 2013 compared with a net loss of Rs 1.89 crore in Q1 June 2012.
The result was announced after market hours on Tuesday, 16 July 2013.
Meanwhile, the S&P BSE Sensex was up 74.72 points, or 0.38%, to 19,925.95.
On BSE, 28,856 shares were traded in the counter as against an average daily volume of 2,103 shares in the past one quarter.
The stock hit a high of Rs 123.80 and a low of Rs 110.90 so far during the day. The stock had hit a record high of Rs 174.90 on 7 September 2012. The stock had hit a 52-week low of Rs 70.50 on 4 March 2013.
The stock had outperformed the market over the past one month till 16 July 2013, soaring 39.25% compared with the Sensex's 3.51% rise. The scrip had outperformed the market in past one quarter, jumping 23.12% as against Sensex's 5.90% rise.
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The small-cap company has an equity capital of Rs 33.87 crore. Face value per share is Rs 10.
Consolidated net sales jumped 43.7% to Rs 174.15 crore in Q1 June 2013 over Q1 June 2012.
Sabero Organics Gujarat manufactures speciality chemicals and crop protection chemicals. Its manufacturing facilities are located in Gujarat, India. The company has a diverse product portfolio of fungicides, herbicides, insecticides & speciality chemicals.
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