Zuari Agro Chemicals jumped 6.21% to Rs 186.20 at 15:15 IST on BSE after the company availed an unsecured inter corporate deposit of Rs 100 crore from Adventz Finance, a promoter of the company, for a period of 12 months.
The announcement was made after market hours on Friday, 24 June 2016.Meanwhile, the BSE Sensex was down 3.17 points, or 0.01%, to 26,394.54.
On BSE, so far 21,001 shares were traded in the counter, compared with an average volume of 9,626 shares in the past one quarter. The stock hit a high of Rs 188.50 and a low of Rs 182.90 so far during the day. The stock hit a 52-week high of Rs 224 on 16 July 2015. The stock hit a 52-week low of Rs 118.20 on 29 February 2016.
The small-cap company has an equity capital of Rs 42.06 crore. Face value per share is Rs 10.
Zuari Agro Chemicals reported net loss of Rs 22.64 crore in Q4 March 2016 compared with net profit of Rs 11.16 crore in Q4 March 2015. Net sales fell 17.3% to Rs 1268.42 crore in Q4 March 2016 over Q4 March 2015.
Zuari Agro Chemicals produces complex fertilizers of various grades along with seeds, pesticides, micro nutrients and specialty fertilizers.
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