India: Zuari Agro Chemicals gallops to 52-week high after turnaround Q2 result
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 speciality fertilizers.
Source: www.business-standard.com