Advanta India was locked at upper limit of 20% to Rs 535.65 on BSE, extending gains for the second successive session on strong Q3 September 2008 numbers.
The company declared the results on 31 October 2008, when the stock ended 20% higher. The stock is up 44% from a recent low of Rs 372 on 29 October 2008.
The stock had a 52-week high of Rs 1740 on 7 January 2008 and a 52-week low of Rs 311.90 on 27 October 2008.
The small-cap agrochemicals maker has an equity capital of Rs 16.83 crore. Face value per share is Rs 10.
Advanta India's consolidated net profit surged 342.2% to Rs 7.12 crore on a 36.2% increase in consolidated sales to Rs 122.03 crore in Q3 September 2008 over Q3 September 2007.
On a standalone basis, Advanta India reported a net loss of Rs 7.01 crore in Q3 September 2008 as against net loss of Rs 5.43 crore in Q3 September 2007. Sales rose 107.3% to Rs 13.37 crore in Q3 September 2008 over Q3 September 2007.
Bangalore headquartered Advanta India is a subsidiary of United Phosphorus. The company is engaged in research & development, production, distribution and marketing of hybrid agricultural field crop seeds and plant seeds.
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