Kaveri Seed Company rose 2.40% to Rs 590 at 14:55 IST on BSE after net profit rose 170.03% to Rs 20.90 on 1.40% increase in total income to Rs 86 crore in Q2 September 2017 over Q2 September 2016.
The result was announced during trading hours today, 27 October 2017.Meanwhile, the S&P BSE Sensex was up 84.48 points, or 0.25% to 33,231.61.
On the BSE, 1.98 lakh shares were traded in the counter so far, compared with average daily volumes of 57,176 shares in the past one quarter. The stock had hit a high of Rs 608 and a low of Rs 568.85 so far during the day. The stock hit a 52-week high of Rs 708.10 on 7 August 2017. The stock hit a 52-week low of Rs 358.40 on 23 November 2016.
The stock had outperformed the market over the past one month till 26 October 2017, rising 13.04% compared with 6.38% rise in the Sensex. The scrip had underperformed the market in past one quarter, falling 15.68% as against Sensex's 2.59% rise. The scrip had outperformed the market in past one year, rising 34.49% as against Sensex's 18.74% rise.
The mid-cap company has equity capital of Rs 13.81 crore. Face value per share is Rs 2.
Kaveri Seed Company is one of the fastest growing seed company in India with a large network of over 15,000 distributors and dealers spread across the country.
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