Bayer CropScience rose 2.65% to Rs 4,680.10 at 10:06 IST on BSE after the company said its board will meet on 6 June 2017, to consider a proposal for buyback of shares.
The announcement was made after market hours yesterday, 1 June 2017.
Meanwhile, the S&P BSE Sensex was up 103.13 points, or 0.33% at 31,240.72.
On the BSE, 590 shares were traded on the counter so far as against the average daily volumes of 8,188 shares in the past one quarter. The stock had hit a high of Rs 4,694.65 and a low of Rs 4,630 so far during the day. The stock had hit a record high of Rs 4,960 on 17 May 2017 and hit a 52-week low of Rs 3,680.15 on 21 November 2016.
The stock had underperformed the market over the past one month till 1 June 2017, declining 2.99% compared with the Sensex's 4.08% rise. The scrip had, however, outperformed the market over the past one quarter advancing 16.52% as against the Sensex's 7.43% rise. The scrip had, however, underperformed the market over the past one year advancing 16.07% as against the Sensex's 16.56% rise.
The large-cap company has equity capital of Rs 35.35 crore. Face value per share is Rs 10.
Bayer CropScience said that a meeting of the board of directors of the company will be held on 6 June 2017, to consider a proposal for buyback equity shares.
Bayer CropScience reported net loss of Rs 36.10 crore in Q4 March 2017, compared with net profit of Rs 19.40 crore in Q4 March 2016. Net sales fell 52.1% to Rs 215.30 crore in Q4 March 2017 over Q4 March 2016.
Bayer CropScience has presence in seeds, crop protection and non-agricultural pest control. It is organized into operating units: crop protection, seeds and environmental science.
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