Zuari Agro spurts after robust Q2 earnings

Zuari Agro Chemicals hit an upper circuit limit of 20% at Rs 591.40 at 14:53 IST on BSE after net profit surged 299.70% to Rs 53.52 crore on 24.22% rise in total revenue to Rs 1346.77 crore in Q2 September 2017 over Q2 September 2016.

The result was announced during trading hours today, 23 October 2017.

Meanwhile, the S&P BSE Sensex was up 95.69 points, or 0.30% to 32,485.65.

On the BSE, 2.49 lakh shares were traded in the counter so far, compared with average daily volumes of 18,401 shares in the past one quarter. The stock was currently frozen at its record high level. The stock had hit a low of Rs 485.05so far during the day. The stock hit a 52-week low of Rs 178 on 18 November 2016.

The stock had outperformed the market over the past one month till 19 October 2017, rising 5.35% compared with 0.03% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 27.06% as against Sensex's 1.13% rise. The scrip had also outperformed the market in past one year, rising 105.57% as against Sensex's 15.14% rise.

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

Zuari Agro Chemicals is one of the leading fertilizer conglomerates in India. The company also imports fertilizers and farm nutrients. The company produces complex fertilizers of various grades along with seeds, pesticides, micro nutrients, and specialty fertilizers.

Powered by Capital Market - Live News