United Phosphorus drops on muted growth in bottom line in Q1

United Phosphorus lost 2.95% to Rs 139.95 at 14:11 IST on BSE after consolidated net profit rose 4.8% to Rs 212.65 crore on 10.33% growth in total income to Rs 2482.26 crore in Q1 June 2013 over Q1 June 2012.

The Q1 result was announced during trading hours today, 24 July 2013.

Meanwhile, the S&P BSE Sensex was down 246.40 points or 1.21% at 20,055.73.

On BSE, 3.43 lakh shares were traded in the counter as against average daily volume of 2.58 lakh shares over the past one quarter.

The stock hit a high of Rs 146.05 and a low of Rs 137 so far during the day. The stock had hit a 52-week low of Rs 105 on 4 June 2012. The stock had hit a 52-week high of Rs 167.50 on 5 June 2013.

The stock had underperformed the market over the past one month till 23 July 2013, surging 6.07% compared with the Sensex's 8.14% jump. The scrip had, however, outperformed the market in past one quarter, jumping 11.74% as against Sensex's 5.85% rise.

The mid-cap company has equity capital of Rs 91.01 crore. Face value per share is Rs 2.

United Phosphorus is a global generic crop protection, chemicals and seeds company.

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