Zuari Agro Chemicals jumps 8.3% in 2 days

Meanwhile, the S&P BSE Sensex was up 120.33 points or 0.62% at 19,639.82.

On BSE, 3,138 shares were traded in the counter as against average daily volume of 10,751 shares in the past one quarter.

The stock hit a high of Rs 110.05 and a low of Rs 107.90 so far during the day. The stock had hit a record low of Rs 95.10 on 5 June 2013. The stock had hit a record high of Rs 394 on 27 November 2012.

The stock had underperformed the market over the past one month till 6 June 2013, sliding 27.6% compared with the Sensex's 0.78% fall. The scrip had also underperformed the market in past one quarter, declining 43.34% as against Sensex's 1.39% rise.

The small-cap company has equity capital of Rs 42.06 crore. Face value per share is Rs 10.

Shares of Zuari Agro Chemicals have surged 8.36% in two trading sessions from a recent low of Rs 101 on 5 June 2013, after the company after market hours on 5 June 2013 said it has resumed the production of urea/ammonia. The stock had jumped 4.4% to settle at Rs 105.45 on Thursday, 6 June 2013.

On 25 March 2013, Zuari Agro Chemicals had announced shutting its urea/ammonia plants effective 24 March 2013 for a scheduled annual maintenance. Later on 23 May 2013, the company informed that although the maintenance work was completed, the plants could not resume operations due to non-availability of water from the Government of Goa.

Zuari Agro Chemicals reported net loss of Rs 6.65 crore in Q4 March 2013, as against net profit of Rs 56.56 crore in Q4 March 2012. Net sales declined 59.5% to Rs 1031.79 crore in Q4 March 2013 over Q4 March 2012.

Zuari Agro Chemicals produces high-quality complex fertilizers of various grades along with seeds, pesticides, micro nutrients and specialty fertilizers. It has a manufacturing facility at Goa, with four plants, dedicated to manufacturing urea, DAP and NPK based fertilizers.

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