Excel Crop Care scales record high after declaring good Q2 financials

Excel Crop Care surged 8.1% to Rs 1,928.95 at 13:11 IST on BSE after net profit rose 35.54% to Rs 25.21 crore on 13.1% rise in net sales to Rs 274.44 crore in Q2 September 2016 over Q2 September 2015.

The Q2 result was announced after market hours yesterday, 26 October 2016.

Meanwhile, the S&P BSE Sensex was down 48.85 points or 0.18% at 27,787.66

On BSE, so far 4,455 shares were traded in the counter as against average daily volume of 3,047 shares in the past one quarter. The stock hit a high of Rs 1,970 in intraday trade so far, which is record high for the counter. The stock hit a low of Rs 1,798 so far during the day. The stock had hit a 52-week low of Rs 785 on 2 November 2015. The stock had outperformed the market over the past 30 days till 26 October 2016, rising 31.49% compared with 1.37% decline in the Sensex. The scrip also outperformed the market in past one quarter, surging 41.5% as against Sensex's 1.32% decline.

The small-cap company has equity capital of Rs 5.50 crore. Face value per share is Rs 5.

Excel Crop Care manufactures agrochemicals, which includes insecticides, weedicides and fungicides.

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