Bayer Cropscience hits new high
By
Research Desk
about 10 years ago
Bayer Cropscience is currently the top gainer on the BSE, up 12% at Rs.2678.90. It hit a new high today at Rs.2725, with volumes surging 4 times.
The stock is reacting positively to the good set of Q2FY15 numbers posted by the company yesterday. It reported a 50% (YoY) rise in net profit at Rs.176 crore and this was on a 18% rise in total income at Rs.1241 crore. Its EBITDA showed a smart 32% rise to Rs.24 crore. The market was most enthused with the jump in EBITDA margin, which rose from 17.6% to 19.66%.