JK Agri Genetics surges after reporting strong Q4 results

JK Agri Genetics was locked at 20% upper circuit at Rs 730.65 at 13:46 IST on BSE after net profit spurted 910.5% to Rs 3.84 crore on 44.5% increase in net sales to Rs 47.60 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours yesterday, 10 May 2017.

Meanwhile, the S&P BSE Sensex was up 66.79 points, or 0.22% at 30,314.96. The S&P BSE Small-cap index was up 2.47 points, 0.02% at 15,664.12.

High volumes were witnessed on the counter. On the BSE, 19,000 shares were traded on the counter so far as against the average daily volumes of 1,636 shares in the past one quarter. The stock had hit a high of Rs 730.65 and a low of Rs 670 so far during the day.

The stock had hit a record high of Rs 769 on 12 November 2016 and a 52-week low of Rs 365 on 12 May 2016. The stock had outperformed the market over the past one month till 10 May 2017, advancing 10.55% compared with the Sensex's 2.27% rise. The scrip had also outperformed the market over the past one quarter advancing 8.73% as against the Sensex's 6.75% rise.

The small-cap company has equity capital of Rs 3.60 crore. Face value per share is Rs 10.

JK Agri Genetics is engaged in growing of non-perennial crops, such as seeds. The company provides agri and allied products.

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