Bayer CropScience slips after weak Q1 results

Bayer CropScience fell 3.04% to Rs 4,305 at 14:36 IST on BSE after net profit fell 14.86% to Rs 111.70 crore on 13.88% decline in total income to Rs 753.40 crore in Q1 June 2017 over Q1 June 2016.

The result was announced during trading hours today, 9 August 2017.

Meanwhile, the S&P BSE Sensex was down 96.46 points, or 0.30% to 31,917.73.

On the BSE, 353 shares were traded in the counter so far, compared with average daily volumes of 1,318 shares in the past one quarter. The stock had hit a high of Rs 4,411.65 and a low of Rs 4,305 so far during the day. The stock hit a record high of Rs 5,050 on 2 June 2017. The stock hit a 52-week low of Rs 3,680.15 on 21 November 2016.

 

The stock had underperformed the market over the past one month till 8 August 2017, falling 3.97% compared with 0.94% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 5.65% as against Sensex's 5.84% rise. The scrip had outperformed the market in past one year, rising 9.72% as against Sensex's 13.99% rise.

The large-cap company has equity capital of Rs 35.35 crore. Face value per share is Rs 10.

Bayer CropScience has presence in seeds, crop protection and non-agricultural pest control.

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