This agrochemicals stock has zoomed 58% in four trading days in weak market

Shares of Sharda Cropchem hit a new high of Rs 578.35 after they rallied 10 per cent on the BSE in Thursday's in intra-day trade, in an otherwise weak market, extending its past three days' surge. The stock has been surging after the company's December quarter (Q3FY22) net profit more-than-doubled to Rs 102 crore. The agrochemicals company had posted profit after tax of Rs 48.3 crore in a year ago quarter.

In the past four trading days, the market price of Sharda Cropchem has zoomed 58 per cent, as compared to 5 per cent decline in the S&P BSE Sensex during the same period.