India Pesticides trades jubilantly as its arm gets environmental clearance to set up manufacturing plant
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India Pesticides is currently trading at Rs. 264.60, up by 22.40 points or 9.25% from its previous closing of Rs. 242.20 on the BSE.
The scrip opened at Rs. 249.95 and has touched a high and low of Rs. 267.75 and Rs. 245.00 respectively. So far 48738 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 335.75 on 04-Feb-2022 and a 52 week low of Rs. 200.00 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 268.55 and Rs. 229.35 respectively. The current market cap of the company is Rs. 3059.89 crore.
The promoters holding in the company stood at 67.20%, while Institutions and Non-Institutions held 2.21% and 30.59% respectively.
India Pesticides’ wholly owned subsidiary -- Shalvis Specialities (SSL) has received environmental clearance from Ministry of Environment, Forest and Climate Change (Impact Assessment Division) of Government of India for setting up Manufacturing Plant of ‘Agrochemicals & Intermediates, API Ingredients & Intermediates and Fine Chemicals Manufacturing Unit’ at Sumerpur, District Hamirpur, Uttar Pradesh.
India Pesticides is an R&D focused agrochemical technical company, which has growing formulations business in herbicides, insecticides and fungicide segments. It also manufactures active pharmaceutical ingredients (APIs).
