Excel Crop Care spurts after three bulk deals

Excel Crop Care jumped 9.98% to Rs 545.80 at 14:06 IST on BSE after 3.63% equity changed hands in three bulk deals on BSE today, 20 March 2014.

First bulk deal of 1.50 lakh shares was executed on the Excel Crop Care counter at Rs 525 per share at 13:36 IST on BSE today, 20 March 2014. Second bulk deal of 1.50 lakh shares was executed on the counter at Rs 530 per share at 13:39 IST on BSE today, 20 March 2014. Third bulk deal of 1 lakh shares was executed on the counter at Rs 530 per share at 13:44 IST on BSE today, 20 March 2014.

Meanwhile, the S&P BSE Sensex was down 15.53 points or 0.07% at 21,817.33

Bulk deals boosted volume on the Excel Crop Care scrip. On BSE, so far 4.11 lakh shares were traded in the counter as against average daily volume of 3,489 shares in the past one quarter.

The stock hit a high of Rs 549 and a low of Rs 500 so far during the day. The stock had hit a record high of Rs 571 on 4 March 2014. The stock had hit a 52-week low of Rs 150.45 on 28 March 2013.

The stock had underperformed the market over the past one month till 19 March 2014, rising 0.25% compared with the Sensex's 5.36% rise. The scrip, however, outperformed the market in past one quarter, gaining 30.68% as against Sensex's 5.43% rise.

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

Excel Crop Care's net profit jumped 3093% to Rs 13.73 crore on 34.5% growth in total income to Rs 213.36 crore in Q3 December 2013 over Q3 December 2012.

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

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