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Dhanuka Agritech rises on introducing new insecticide `DEFEND`
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Dhanuka Agritech is currently trading at Rs. 793.95, up by 4.00 points or 0.51% from its previous closing of Rs. 789.95 on the BSE.
The scrip opened at Rs. 800.00 and has touched a high and low of Rs. 800.00 and Rs. 790.60 respectively. So far 1334 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 817.60 on 06-Jun-2023 and a 52 week low of Rs. 603.05 on 03-Apr-2023.
Last one week high and low of the scrip stood at Rs. 815.45 and Rs. 770.00 respectively. The current market cap of the company is Rs. 3605.25 crore.
The promoters holding in the company stood at 70.18%, while Institutions and Non-Institutions held 20.69% and 9.13% respectively.
Dhanuka Agritech has strengthened its crop care portfolio by introducing a powerful new insecticide ‘DEFEND’. DEFEND contains Triflumezopyrim 10% SC and gives complete protection from hoppers. Pyraxalt active, the active ingredient of DEFEND insecticide inhibits the neurotransmission in affected insects, thus controlling their spread and completely wiping them away. DEFEND gives immediate protection from first generation Brown Plant Hopper (BPH) and White Backed Plant Hopper (WBPH) in just one application on paddy. It gives effective control on different life stages of the insect.
With this new introduction and a strong pipeline for this year, Dhanuka Agritech is optimistic to augment its position in the crop care product segment. Dhanuka Agritech launched two selective herbicides, Mesotrax and Implode in the Q1 FY2023-24. It also diversified its crop care range introducing BiologiQ, a unique range of sustainable solutions developed with the fusion of traditional science and new-age agriculture practices. Dhanuka Agritech has a positive outlook for the agricultural sector in India for FY 2023-24 with new growth plans and a robust product pipeline.
Dhanuka Agritech is one of India’s leading agro-chemical Company. It has solutions for all major crops grown in the country including cotton, paddy, wheat, sugarcane, pulses, fruits & vegetables, plantation crops and others.
