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Sanwaria Agro Oils soars on buyback plan

Capital Market/ 14:20 , Nov 08, 2011

Sanwaria Agro Oils shot up 11.76% to Rs 14.26 at 14:06 IST on BSE, after scheduling a board meeting on 14 November to consider buyback of equity shares.

The company made this announcement during market hours today, 8 November 2011.

Meanwhile, the BSE Sensex was up 17.13 points, or 0.1%, to 17,579.74

On BSE, 4.28 lakh shares were traded in the counter as against average daily volume of 1.23 lakh shares over the past one quarter.

The stock hit a high of Rs 14.45 and a low of Rs 12.62 so far during the day. The stock had hit a record high of Rs 148.35 on 8 April 2011 and a 52-week low of Rs 12.64 on 4 November 2011.

The small-cap stock underperformed the market over the past one month till 4 November 2011, sliding 16.6% compared with the Sensex's 10.7% rise. The scrip also underperformed the market in past one quarter, declining 39.24% as against 0.74% decline in the Sensex.

The company has an equity capital of Rs 34.80 crore. Face value per share is Re 1.

Sanwaria Agro Oils' consolidated net profit dropped 59.2% to Rs 7.24 crore on 13.8% increase in net sales to Rs 399.58 crore in Q1 June 2011 over Q1 June 2010.

Sanwaria Agro Oil is a solvent extraction company.

 



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