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Insecticides (India) spurts after strong Q1 results

Capital Market 

rose 8.16% to Rs 779.85 at 15:00 on after net profit rose 67.40% to Rs 30.50 crore on 15.98% increase in total to Rs 345.62 crore in Q1 June 2017 over Q1 June 2016.

The result was announced during trading hours today, 9 August 2017.

Meanwhile, the S&P Sensex was down 119.85 points, or 0.37% to 31,894.34.

On the BSE, 58,000 shares were traded in the counter so far, compared with average daily volumes of 16,407 shares in the past one quarter. The stock had hit a high of Rs 817.20 so far during the day, which is also a record high for the counter. The stock had hit a low of Rs 711 so far during the day. The stock hit a 52-week low of Rs 437.45 on 22 November 2016.

The stock had outperformed the market over the past one month till 8 August 2017, rising 7.76% compared with 0.94% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 8.30% as against Sensex's 5.84% rise. The scrip had also outperformed the market in past one year, rising 54.94% as against Sensex's 13.99% rise.

The small-cap company has equity capital of Rs 20.67 crore. Face value per share is Rs 10.

manufactures all types of insecticides, weedicides, fungicides and plant growth regulators (PGRs) for all types of crops and household.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 09 2017. 14:56 IST