Sabero Organics Gujarat jumps after robust Q2 outcome

Sabero Organics Gujarat jumped 3.57% to Rs 142 at 9:31 IST on BSE after consolidated net profit surged 306.97% to Rs 16.37 crore on 57.37% increase in net sales to Rs 214.20 crore in Q2 September 2013 over Q2 September 2012.

The result was announced after market hours on Thursday, 17 October 2013.

Meanwhile, the BSE Sensex was up 153.44 points, or 0.75%, to 20,568.95.

On BSE, 27,000 shares were traded in the counter compared with average volume of 4,752 shares in the past one quarter.

The stock hit a high of Rs 148.10 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 140.50 so far during the day. The stock hit a 52-week low of Rs 70.50 on 4 March 2013.

The stock had outperformed the market over the past one month till 17 October 2013, rising 13.97% compared with the Sensex's 3.09% rise. The scrip had also outperformed the market in past one quarter, rising 10.16% as against Sensex's 2.34% rise.

The small-cap company has an equity capital of Rs 33.87 crore. Face value per share is Rs 10.

Sabero Organics Gujarat manufactures speciality chemicals and crop protection chemicals. Its manufacturing facilities are located in Gujarat, India. The company has a diverse product portfolio of fungicides, herbicides, insecticides & speciality chemicals.

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