Excel Crop Care spurts after strong Q2 results

Excel Crop Care surged 15.98% to Rs 2,048.05 at 11:07 IST on BSE after net profit jumped 67.78% to Rs 45.15 crore on 42.98% growth in net revenue from operations to Rs 384.75 crore in Q2 September 2017 over Q2 September 2016.

The result was announced after market hours yesterday, 2 November 2017.

Meanwhile, the S&P BSE Sensex was up 79.93 points or 0.24% at 33,653.15. The S&P BSE Small-Cap index advanced 121.46 points or 0.68% at 17,890.33, outperforming the Sensex.

On the BSE, 28,000 shares were traded on the counter so far as against average daily volumes of 559 shares in the past two weeks. The stock had hit a high of Rs 2,119.05 so far during the day, which is a record high. The stock hit a low of Rs 2,000 so far during the day. The stock had hit a 52-week low of Rs 1,600 on 27 December 2016.

The stock had underperformed the market over the past one month till 2 November 2017, advancing 4% compared with the Sensex's 7.32% rise. The stock had also underperformed the market over the past one quarter, sliding 2.75% as against the Sensex's 3.38% rise. The scrip had also underperformed the market over the past one year, declining 9.07% as against the Sensex's 21.96% rise.

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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