Monsanto India has surged over 8% to Rs 1,299, extending its month-long rally, on back of heavy volumes.
At 1100 hours, a combined 232,800 shares changed hands on the counter, against an average sub 100,000 shares that were traded daily in past two weeks on the BSE and NSE.
Currently, the stock is trading at its record high on BSE, rallied 55% in past on month as compared to 1.8% declined in benchmark S&P BSE Sensex after reported a strong December quarter results and reports about the government going easy on genetically modified (GM) crops.
Monsanto India has posted more-than-double net profit at Rs 65.11 crore for the quarter ended December 31, 2013. The agro chemicals major had profit of Rs 29.28 crore in a year ago quarter. Net sales grew 63% yoy at Rs 182 crore.
Monsanto India, a subsidiary of the Monsanto Company, USA is a seed company focusing on maize and agricultural productivity.
At 1100 hours, a combined 232,800 shares changed hands on the counter, against an average sub 100,000 shares that were traded daily in past two weeks on the BSE and NSE.
Currently, the stock is trading at its record high on BSE, rallied 55% in past on month as compared to 1.8% declined in benchmark S&P BSE Sensex after reported a strong December quarter results and reports about the government going easy on genetically modified (GM) crops.
Monsanto India has posted more-than-double net profit at Rs 65.11 crore for the quarter ended December 31, 2013. The agro chemicals major had profit of Rs 29.28 crore in a year ago quarter. Net sales grew 63% yoy at Rs 182 crore.
Monsanto India, a subsidiary of the Monsanto Company, USA is a seed company focusing on maize and agricultural productivity.
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