Monsanto India tumbles after reverse turnaround in Q2

Monsanto India slumped 4.82% at Rs 2,905.85 at 9:23 IST on BSE after the company reported a net loss of Rs 4.81 crore in Q2 September 2014 compared with net profit of Rs 75.90 crore in Q2 September 2013.

The Q2 result was announced after market hours on Monday, 3 November 2014.

Meanwhile, the S&P BSE Sensex was up 84.90 points or 0.3% at 27,945.28.

On BSE, so far 4,335 shares were traded in the counter as against average daily volume of 13,000 shares in the past two weeks.

The stock hit a high of Rs 2,974.90 and a low of Rs 2,850 so far during the day.

Monsanto India's total income rose 0.86% to Rs 101.57 crore in Q2 September 2014 over Q2 September 2013.

Monsanto India's board of directors at its meeting held on 3 November 2014, inter alia, declared interim dividend of Rs 18 per share for the year ending 31 March 2015. The company has fixed 20 November 2014 as record date for payment of interim dividend.

Monsanto India, a subsidiary of the Monsanto Company, USA is a seed company focusing on maize and agricultural productivity. Monsanto Company holds 72.15% stake in Monsanto India (as per the shareholding pattern as on 30 September 2014).

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