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Agro Tech Foods surges on reporting 16% rise in Q3 net profit

24 Jan 2013 Evaluate

Agro Tech Foods is currently trading at Rs 515.60, up by 6.65 points or 1.30% from its previous closing of Rs. 509.95 on the BSE.

The scrip opened at Rs. 520.00 and has touched a high and low of Rs 526.00 and Rs 513.00 respectively. So far 8093 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs 532.00 on 02-Jan-2013 and a 52 week low of Rs 400.00 on 12-Oct-2012.

Last one week high and low of the scrip stood at Rs 526.00 and Rs 500.00 respectively. The current market cap of the company is Rs 1261.60 crore.

The promoters holding in the company stood at 51.77% while Institutions and Non-Institutions held 10.52% and 37.71% respectively.

Agro Tech Foods has reported results for third quarter ended December 31, 2012.

The company has reported 16.30% rise in its net profit at Rs 13.06 crore for the quarter as compared to Rs 11.23 crore for the same quarter in the previous year. Total income of the bank has increased by 21.41% at Rs 220.46 crore for quarter under review as compared to Rs 181.58 crore for the quarter ended December 31, 2011.

The company is engaged in the production of agricultural products. It operates in three segments: Sourcing and Institutional Business, Branded Foods and Others.

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