Bayer CropScience slips after weak Q3 figures

Bayer CropScience fell 3.69% to Rs 3,335 at 10:31 IST on BSE after net profit declined 50.18% to Rs 27.40 crore on 9.46% decline in net sales to Rs 622.20 crore in Q3 December 2015 over Q3 December 2014.

The result was announced after market hours yesterday, 2 February 2016.

Meanwhile, the BSE Sensex was down 229.04 points, or 0.93%, to 24,309.96.

On BSE, so far 722 shares were traded in the counter, compared with an average volume of 943 shares in the past one quarter. The stock hit a high of Rs 3,343 and a low of Rs 3,250.75 so far during the day. The stock hit a record high of Rs 4,234 on 16 April 2015. The stock hit a 52-week low of Rs 3,192.80 on 27 March 2015. The stock had outperformed the market over the past one month till 2 February 2016, rising 0.15% compared with 6.20% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 0.94% as against Sensex's 7.61% fall.

The large-cap company has an equity capital of Rs 35.35 crore. Face value per share is Rs 10.

The Crop Science Division is the largest division for Bayer in India. It is organized into two operating units: crop protection/seeds and environmental science. crop protection / seeds markets a broad portfolio of high-value seeds along with innovative chemical and biological pest management solutions. Environmental science focuses on non-agricultural applications, with a broad portfolio of pest control products and services for areas ranging from the home and garden sector to forestry. Bayer is a market leader in the crop protection business in India.

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