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Sharda Cropchem hits new high on strong business outlook; stock surges 10%

Analysts expect the company to show high growth momentum, strong balance sheet, free cash-flows and strong return ratios over FY22-24.

agriculture
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SI Reporter Mumbai
Shares of Sharda Cropchem hit a new high of Rs 768, after rallying 10 per cent on the BSE in Tuesday’s intra-day trade in an otherwise subdued market, on strong business outlook. The stock of pesticides and agro-chemicals company surpassed its previous high of Rs 740.40 that it had touched on April 11, 2022.

For the quarter that ended in March 2022 (Q4FY22), Sharda Cropchem reported 32 per cent year on year (YoY) growth in profit after tax (PAT) of Rs 177 crore, whereas, revenue increased 32 per cent YoY to Rs 1,434 crore, led by better product mix

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First Published: May 24 2022 | 1:20 PM IST

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