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Zuari Agro Chemicals gallops to 52-week high after turnaround Q2 result

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Capital Market

Zuari Agro Chemicals jumped 14.29% to Rs 266 at 11:06 IST on BSE after the company reported net profit of Rs 21.95 crore in Q2 September 2014 as compared to net loss of Rs 39.80 crore in Q2 September 2013.

The Q2 result was announced after market hours yesterday, 29 October 2014.

Meanwhile, the S&P BSE Sensex was up 76.40 points or 0.28% at 27,174.57

On BSE, so far 1.21 lakh shares were traded in the counter as against average daily volume of 10,175 shares in the past one quarter.

The stock hit a 52-week high of Rs 274.50 in intraday trade today, 30 October 2014. The stock hit a low of Rs 242 so far during the day. The stock had hit a 52-week low of Rs 90.60 on 1 November 2013.

 

The stock had outperformed the market over the past one month till 29 October 2014, rising 16.58% compared with 1.88% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 29.27% as against Sensex's 4.26% rise.

The small-cap company has equity capital of Rs 42.06 crore. Face value per share is Rs 10.

Zuari Agro Chemicals total income rose 7.9% to Rs 1541.78 crore in Q2 September 2014 over Q2 September 2013.

Zuari Agro Chemicals is one of the leading fertilizer conglomerates in India. The company is also a significant importer of fertilizers and farm nutrients. The company produces high-quality complex fertilizers of various grades along with seeds, pesticides, micro nutrients, and specialty fertilizers.

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First Published: Oct 30 2014 | 11:10 AM IST

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