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Rasoya Proteins gains on bargain hunting

Capital Market/ 14:10 , Mar 23, 2012

Rasoya Proteins jumped 5.63% at Rs 27.20 at 14:00 IST on BSE on bargain hunting after the stock fell 10.43% in the preceding two trading sessions to Rs 25.75 on 22 March 2012 from Rs 28.75 on 20 March 2012.

Meanwhile, the BSE Sensex was up 208.57 points, or 1.21%, to 17,405.04.

On BSE, 8,730 shares were traded in the counter as against an average daily volume of 21,527 shares in the past one quarter.

The stock hit a high of Rs 27.60 and a low of Rs 25.80 so far during the day. The stock had hit a 52-week high of Rs 92.90 on 15 July 2011. The stock had hit a 52-week low of Rs 23.60 on 30 November 2011.

The stock had underperformed the market over the past one month until 22 March 2012, falling 25.69% compared with the Sensex's 5.23% fall. The scrip had also underperformed the market in past one quarter, falling 17.20% as against 8.75% rise in the Sensex.

The small-cap company has an equity capital of Rs 53.76 crore. Face value per share is Rs 5.

Net profit of Rasoya Proteins rose 63.67% to Rs 4.91 crore on 139.07% surge in net sales to Rs 284.78 crore in Q3 December 2011 over Q3 December 2010.

Rasoya Proteins is engaged in the business of solvent extraction. It sells soya refined oil under the brand name Rasoya. The company also sell de-oil cake both in domestic as well as international market.

 



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