Monsanto India fell 1.38% to Rs 2,268 at 11:20 IST on BSE after net profit fell 9.9% to Rs 56.60 crore on 9.1% decline in net sales to Rs 236.08 crore in Q1 June 2016 over Q1 June 2015.
The result was announced after market hours yesterday, 4 August 2016.Meanwhile, the S&P BSE Sensex was up 286.02 points, or 1.03%, to 28,000.39.
On BSE, so far 5,920 shares were traded in the counter, compared with an average daily volume of 29,349 shares in the past one quarter. The stock hit a high of Rs 2,318.95 and a low of Rs 2,231.30 so far during the day. The stock had hit 52-week high of Rs 3,320 on 5 August 2015. The stock hit 52-week low of Rs 1,520 on 11 April 2016. The stock had underperformed the market over the past one month till 4 August 2016, falling 10.46% compared with 1.6% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 31.50% as against the Sensex's 10.41% rise.
The mid-cap company has equity capital of Rs 17.26 crore. Face value per share is Rs 10.
Monsanto India, a subsidiary of the Monsanto Company, USA is a seed company focusing on maize and agricultural productivity. Monsanto Company, USA, currently holds 72.14% stake in Monsanto India (as per the shareholding pattern as on 30 June 2016).
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