 "Monsanto India hits 52-week low")
Monsanto India has dipped 5.3% to Rs 2,184, extending its 7% decline in past two trading days on the Bombay Stock Exchange (BSE).
Shares of agrochemicals firm trading at its 52-week and has fallen 33% from Rs 3,298 on August 3, after the company reported disappointing set of numbers for the quarter ended June 30, 2015 (Q1FY16). The S&P BSE Sensex was down 8.8% during the same period.
The company had posted 12% year-on-year drop in its standalone net profit at Rs 62.79 crore for Q1FY16. Total income from operations remained flat at Rs 263 crore over the previous year quarter.
Monsanto India, a subsidiary of Monsanto, (USA), is a research based biotechnology company manufactures agro chemicals and hybrid seeds.
At 12:00 PM, the stock was down 4.6% at Rs 2,200 on the BSE. A combined 36,353 shares changed hands on the counter on the BSE and NSE.
Shares of agrochemicals firm trading at its 52-week and has fallen 33% from Rs 3,298 on August 3, after the company reported disappointing set of numbers for the quarter ended June 30, 2015 (Q1FY16). The S&P BSE Sensex was down 8.8% during the same period.
The company had posted 12% year-on-year drop in its standalone net profit at Rs 62.79 crore for Q1FY16. Total income from operations remained flat at Rs 263 crore over the previous year quarter.
Monsanto India, a subsidiary of Monsanto, (USA), is a research based biotechnology company manufactures agro chemicals and hybrid seeds.
At 12:00 PM, the stock was down 4.6% at Rs 2,200 on the BSE. A combined 36,353 shares changed hands on the counter on the BSE and NSE.
