India Pesticides trades jubilantly on commissioning intermediate plant
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India Pesticides is currently trading at Rs. 258.25, up by 19.70 points or 8.26% from its previous closing of Rs. 238.55 on the BSE.
The scrip opened at Rs. 249.25 and has touched a high and low of Rs. 263.85 and Rs. 245.00 respectively. So far 146183 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 428.95 on 08-Feb-2024 and a 52 week low of Rs. 192.25 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 263.85 and Rs. 192.25 respectively. The current market cap of the company is Rs. 2967.19 crore.
The promoters holding in the company stood at 63.61%, while Institutions and Non-Institutions held 2.44% and 33.95% respectively.
India Pesticides has successfully commissioned an intermediate plant towards Backward Integration of one of the Fungicide which was primarily being imported. It is based on the company’s in-house Indigenous R&D Technology. This is one of many steps taken by the company in line with the ‘Government of India’s initiative ‘Aatma Nirbhar Bharat’ by substituting import and manufacturing in India.
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).
