Best Agrolife shines on getting registrations from CIBRC for products
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Best Agrolife is currently trading at Rs. 1087.10, up by 52.85 points or 5.11% from its previous closing of Rs. 1034.25 on the BSE.
The scrip opened at Rs. 1025.05 and has touched a high and low of Rs. 1087.10 and Rs. 1025.05 respectively. So far 5186 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1774.45 on 05-Dec-2022 and a 52 week low of Rs. 798.60 on 01-Jul-2022.
Last one week high and low of the scrip stood at Rs. 1096.95 and Rs. 1020.80 respectively. The current market cap of the company is Rs. 2477.38 crore.
The promoters holding in the company stood at 50.10%, while Institutions and Non-Institutions held 14.06% and 35.84% respectively.
Best Agrolife has received the registrations for the indigenous manufacturing of the product Trifloxystrobin 10% + Difenoconazole 12.5% + Sulphur 3% Sc under section 9 (3) FIM from Central Insecticides Board & Registration Committee (CIBRC). With this Best Agrolife will become the first Indian agrochemical company to manufacture the combination product of Trifloxystrobin 10% + Difenoconazole 12.5% + Sulphur 3% Sc in India with brand name Tricolor.
The company is all set to launch this product in July with the brand name Tricolor and it will be the company patented product. The company is launching Propaquizafop and Amytrn with the brand name Propique and Amito respectively in the first quarter of FY24. All these products will help company in maintaining the goal of 30% growth and 20% EBITDA margin in the current financial year.
Best Agrolife is engaged in business of trading of all kinds of plastic & chemicals raw material and products.
