Hot Pursuit     19-Jan-12
Agro Tech Foods jumps after decent Q3 earnings
Agro Tech Foods surged 5.56% to Rs 421.50 at 11:15 IST on BSE after net profit rose 14.9% to Rs 11.23 crore on 7.2% decline in net sales to Rs 180.84 crore in Q3 December 2011 over Q3 December 2010.

The company announced the results after market hours on Wednesday, 18 January 2012.

Meanwhile, the BSE Sensex was up 165.19 points, or 1% to 16,616.66. On BSE, 8,486 shares were traded in the counter as against average daily volume of 10,762 shares over the past one quarter.

The stock hit a high of Rs 428.85 and a low of Rs 410 so far during the day. The stock had hit a 52-week high of Rs 483.60 on 25 July 2011. The stock had hit a 52-week low of Rs 291.05 on 9 February 2011.

The small-cap stock had outperformed the market over the past one month till 18 January 2012, rising 7.67% compared with the Sensex's 6.2% return. The scrip had also outperformed the market in past one quarter, gaining 2.95% as against 1.77% fall in the Sensex.

The company has an equity capital of Rs 24.37 crore. Face value per share is Rs 10.

Agro Tech Foods is a public limited company engaged in the business of marketing food and food ingredients to consumers and institutional customers. The company is affiliated to ConAgra Foods Inc of USA.

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