Monsanto turns around into green!
By
Research Desk
about 11 years ago
Monsanto India is in the green today morning. The stock is up almost 3% currently at Rs.719 though it has come off the day’s high point of Rs.739.
The stock is up on the back of turnaround numbers which it posted for Q2FY14. The company which makes maize seeds and agrochemicals has reaped a bounty from the good monsoon. As against a net loss of Rs.12 crore in Q2FY13, this current Q2, it has turned around with a net profit at Rs.7.59 crore. This was due to the robust over 70% jump in net sales at Rs.95 crore.