Insecticides (India) spurted 9.32% to Rs 848.95 at 15:13 IST on BSE after net profit jumped 65.67% to Rs 22.93 crore on 18.11% growth in income from operations to Rs 401.97 crore in Q2 September 2014 over Q2 September 2013.
The Q2 result was announced during market hours today, 30 October 2014.
Meanwhile, the S&P BSE Sensex was up 228.97 points or 0.84% at 27,327.14.
On BSE, so far 2.91 lakh shares were traded in the counter as against average daily volume of 15,826 shares in the past one quarter.
The stock hit a high of Rs 889 so far during the day, which is a record high for the counter. The stock hit a low of Rs 788.90 so far during the day. The stock had hit a 52-week low of Rs 203 on 8 November 2013.
The stock had outperformed the market over the past one month till 29 October 2014, surging 5.39% compared Sensex's 1.88% rise. The scrip had also outperformed the market in past one quarter, jumping 71.17% as against Sensex's 4.26% rise.
The small-cap company has equity capital of Rs 12.68 crore. Face value per share is Rs 10.
Insecticides (India)'s board of directors at its meeting held today, 30 October 2014, recommended 1:2 bonus issue.
Insecticides (India) manufactures all types of insecticides, weedicides, fungicides and PGRs for all types of crops and household.
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