Monsanto India rose 2.7% to Rs 2,240 at 13:55 IST on BSE after the company posted net profit of Rs 24.08 crore in Q4 March 2016 as compared with net loss of Rs 8.25 crore in Q4 March 2015.
The result was announced after market hours yesterday, 30 May 2016.Meanwhile, the S&P BSE Sensex was down 78.13 points or 0.3% at 26,646.70
On BSE, so far 30,699 shares were traded in the counter as against average daily volume of 24,071 shares in the past one quarter. The stock hit a high of Rs 2,282 and a low of Rs 2,227.10 so far during the day. The stock had hit a 52-week low of Rs 1,520 on 11 April 2016. The stock had hit a 52-week high of Rs 3,376.55 on 24 July 2015. The stock had outperformed the market over the past one month till 30 May 2016, rising 22.18% compared with Sensex's 4.37% gains. The scrip also outperformed the market in past one quarter, gaining 37.87% as against Sensex's 16.19% gains.
The mid-cap firm has equity capital of Rs 17.26 crore. Face value per share is Rs 10.
Monsanto India's total income rose 31.82% at Rs 93.21 crore in Q4 March 2016 over Q4 March 2015.
Monsanto India, a subsidiary of the Monsanto Company, USA is a seed company focusing on maize and agricultural productivity. Monsanto Company, USA, holds 72.14% stake in Monsanto India as on 31 March 2016.
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