Sharda Cropchem Stock Price: Investors are keeping an eye on the quarterly results of companies. In such a situation, if a company gets better results then investors seem excited to buy those shares. A rise of more than 9 percent has been seen in the share prices of Sharda Cropchem today. The results of this company from January to March have been better than expected.
Shares of Sharda Cropchem opened at the level of Rs 375.45 in BSE today. But after some time, the company’s shares reached the level of Rs 394.70 with a rise of 9 percent.
Results were better than market expectations
According to the information given by the company, the net profit of the company in the last quarter of the last financial year was Rs 143 crore. There has been a 28 percent decline in the company’s profit on an annual basis. The company’s profit in the same quarter a year ago was Rs 198 crore. Let us tell you, the company has also announced a dividend of Rs 3 on 1 share.
According to the Money Control report, the market was expecting that the company’s profit in this quarter would be around Rs 63 crore.
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How was the last one year in the stock market?
According to Trendlyne’s data, the company’s share prices have seen a decline of more than 21 percent in the last one year. Due to which investors have suffered huge losses. At the same time, the company’s share prices have fallen by 6.9 percent in 6 months.
The company’s 52 week high level is Rs 580 and 52 week low level is Rs 318 per share. At the same time, the market cap of the company is Rs 3526.27 crore. Let us tell you, according to trendlyne data, the stake of foreign investors in the company has increased in the March quarter as compared to the December quarter.
