Bayer CropScience has surged 15% to Rs 892 on reporting 78% year-on-year (yoy) growth in net profit at Rs 88.74 crore for the quarter ended June 2012 on the back of higher operational income. Net sales grew 17% at Rs 921 crore on y-o-y basis.
EBITDA (earnings before interest, taxes, amortization and depreciation) margins improved substantially to 15% in Q1 FY13 from 10% in the corresponding quarter of previous fiscal.
The stock opened at Rs 806 and hit a high of Rs 897 on the NSE. The counter has seen huge trading volumes, with a combined around 293,000 shares changing hands so far, against an average of less than 10,000 shares that were traded daily in past two weeks.
