Usher Agro rose 5.50% to Rs 36.45 at 9:47 IST on BSE after the company said it has commenced commercial production of its new pulse milling, pulse flour and multigrain flour facilities at Chhata in Uttar Pradesh.
The company made the announcement after market hours on Thursday, 3 April 2014.
Meanwhile, the BSE Sensex was down 106.14 points, or 0.47%, to 22,402.93.
On BSE, so far 30,000 shares were traded in the counter, compared with an average volume of 31,578 shares in the past one quarter.
The stock hit a high of Rs 37.25 and a low of Rs 35 so far during the day. The stock hit a 52-week high of Rs 53 on 2 April 2013. The stock hit a 52-week low of Rs 24.30 on 30 September 2013.
The stock had underperformed the market over the past one month till 2 April 2014, rising 2.39% compared with the Sensex's 6.78% rise. The scrip had also underperformed the market in past one quarter, falling 9.50% as against Sensex's 7.96% rise.
More From This Section
The small-cap company has an equity capital of Rs 38.06 crore. Face value per share is Rs 10.
Usher Agro has commenced commercial production of its new pulse milling, pulse flour and multigrain flour facilities at Chhata, district Mathura, Uttar Pradesh (U.P.) as part of the company's on-going capacity expansion project. Trial runs of the said facilities are completed successfully and now commercial production has been started with effect from 31 March 2014. After successful commissioning of the above project the company has forwarded another step to emerge as complete basic food processor, the company said.
Net profit of Usher Agro rose 21.85% to Rs 16.73 crore on 11.78% rise in net sales to Rs 277.79 crore in Q3 December 2013 over Q3 December 2012.
Usher Agro's products include rice, wheat, wheat products, foodstuffs & food grains. The products are marketed under the brand name Rasoi Raaja.
Powered by Capital Market - Live News