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Shares of agriculture major EID Parry rose nearly 5 per cent on Thursday after the company posted 87.23 per cent jump in consolidated net profit in the fourth quarter of 2018-19. The scrip gained 4.29 per cent to Rs 192.85 on the BSE. At the NSE, shares jumped 4.83 per cent to Rs 193.
EID Parry on Wednesday posted a surge of 87.23 per cent in consolidated net profit at Rs 158.06 crore for the fourth quarter of 2018-19 on strong sales. Net profit stood at Rs 84.42 crore in the same quarter of the previous year, the company said in a regulatory filing.
Income increased to Rs 3,671.40 crore during the January-March period of 2018-19 from Rs 3,378.43 crore in the year-ago quarter. EID Parry is in business related to sugar, crop protection, co-generation, distillery, bio-pesticides, and neutraceuticals.
At 12.52 pm, the stocks of EID Parry were trading higher by 1.68 per cent at Rs 188.
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