This agrochemical stock zoomed over 100% in 2018

The stock of Excel Crop Care hit a new high of Rs 4,462 on BSE, has outperformed the market by surging 123% from Rs 2,004 as December 29, 2017, as compared to 9% rise in the Sensex.

India-Israel agriculture project, Centre of Excellence for Vegetables, Haryana

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Centre of Excellence for Vegetables, an India-Israel agriculture project, near Karnal in Haryana . (Photo: Sanjay K Sharma)

SI Reporter Mumbai

Last Updated : Jul 30 2018 | 11:20 AM IST

Shares of agrochemicals company Excel Crop Care hit a new high of Rs 4,462, up 7% on Monday, extending Friday’s 7% rally, after the company reported a strong 61% year on year (yoy) growth in standalone net profit at Rs 385 million for the first quarter of the financial year 2018-19 (Q1FY19). The company had a profit of Rs 239 million in the same quarter of the financial year 2017-18 (Q1FY18).

Operational revenue during the quarter under review jumped 34.7% yoy at Rs 3,997 million against Rs 2,968 million in the corresponding quarter of previous fiscal. EBITDA (earnings before