Coromandel Fertilizers soared 13.12% to Rs 103 on BSE, after the company posted 76.61% surge in net profit to Rs 132.58 crore in Q3 December 2008 over Q3 December 2007.
The stock hit a high of Rs 104.95 and a low of Rs 92.20 so far during the day.
The mid cap company's current equity is Rs 27.98 crore. Face value per share is Rs 2.
The current price of Rs 103 discounts the company's Q2 September 2008 annualized EPS of Rs 52.15, by a PE multiple of 1.98.
Coromandel Fertilizers' net sales jumped 289.64% to Rs 3726.25 crore in Q3 December 2008 over Q3 December 2007. The company announced the results after trading hours on Wednesday, 21 January 2009.
Coromandel Fertilizers, a part of the Murugappa Group of companies is a leading manufacturer of a wide range of fertilizers and pesticides. The company produces phosphatic fertilizers, plant protection chemicals, specialty nutrients, and sulphur bentonite, potash.
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