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Zuari Agro Chemicals has soared 14% to Rs 266, extending its previous day’s over 15% rally on NSE, after reporting a net profit of Rs 21.95 crore for the quarter ended September 2014 (Q2). The fertilizers company had loss of Rs 39.80 crore in the same quarter last fiscal.
Net sales of the company grew 7.8% to Rs 1,532 crore in September quarter against Rs 1,421 crore in the corresponding quarter of previous year.
EBITDA or operating profit margin improved to 5.29% from 0.91% during the recently concluded quarter.
Today, the stock opened at Rs 245 and touched a 52-week high of Rs 271 on NSE. The counter has seen huge trading volume with a combined 230,212 shares changed hands in first 10 minutes of trade on NSE and BSE.
In past two trading sessions, the stock rallied 34% from Rs 199 on October 28.
Net sales of the company grew 7.8% to Rs 1,532 crore in September quarter against Rs 1,421 crore in the corresponding quarter of previous year.
EBITDA or operating profit margin improved to 5.29% from 0.91% during the recently concluded quarter.
Today, the stock opened at Rs 245 and touched a 52-week high of Rs 271 on NSE. The counter has seen huge trading volume with a combined 230,212 shares changed hands in first 10 minutes of trade on NSE and BSE.
In past two trading sessions, the stock rallied 34% from Rs 199 on October 28.
