Camson Bio Technologies jumps on bargain hunting

Camson Bio Technologies rose 7.64% to Rs 123.25 at 14:21 IST on BSE on bargain hunting after the stock fell 11.86% in the preceding three trading sessions to Rs 114.50 on 16 September 2014, from a recent high of Rs 129.90 on 11 September 2014.

Meanwhile, the BSE Sensex was up 89.96 points, or 0.34%, to 26,582.47.

On BSE, so far 2.87 lakh shares were traded in the counter, compared with an average volume of 1.85 lakh shares in the past one quarter.

The stock hit a high of Rs 126.45 and a low of Rs 119.15 so far during the day. The stock hit a 52-week high of Rs 139 on 27 August 2014. The stock hit a 52-week low of Rs 42.85 on 30 September 2013.

The stock had outperformed the market over the past one month till 16 September 2014, rising 16.18% compared with 1.49% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 44.30% as against Sensex's 5.17% rise.

The small-cap company has an equity capital of Rs 25.23 crore. Face value per share is Rs 10.

On a consolidated basis, Camson Bio Technologies rose 79% to Rs 4.01 crore on 22.6% increase in net sales to Rs 46.24 crore in Q1 June 2014 over Q1 June 2013.

Camson Bio Technologies offers a wide range of bio-products including biocides, bio-fertilizers and hybrid seeds.

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