Monsanto India rose 2.93% to Rs 720 at 10:33 IST on BSE after the company reported net profit of Rs 7.59 crore in Q2 September 2013 as against net loss of Rs 12.11 crore in Q2 September 2012.
The Q2 result was announced after market hours on Thursday, 24 October 2013.
Meanwhile, the S&P BSE Sensex was down 31.14 points or 0.15% at 20,694.29.
On BSE, 7,726 shares were traded in the counter as against average daily volume of 3,346 shares in the past one quarter.
The stock hit a high of Rs 739.30 and a low of Rs 714.15 so far during the day. The stock had hit a 52-week high of Rs 754.90 on 14 October 2013. The stock had hit a 52-week low of Rs 560 on 16 April 2013.
The stock outperformed the market over the past one month till 24 October 2013, surging 16.44% compared with Sensex's 4.04% gain. The scrip had also outperformed the market over the past one quarter, jumping 8.91% as against Sensex's 3.16% rise.
The small-cap company has equity capital of Rs 17.26 crore. Face value per share is Rs 10.
Monsanto India's net sales rose 70.7% to Rs 95.49 crore in Q2 September 2013 over Q2 September 2012.
Monsanto India 's board of directors at a meeting held on Thursday, 24 October 2013, declared interim dividend of Rs 12 per share for the year ending 31 March 2014.
Monsanto India focuses on maize seed and agrochemical.
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