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Dhanuka Agritech rises on plan to introduce new products ‘Conika’ and ‘Cover’

08 Jun 2015 Evaluate

Dhanuka Agritech is currently trading at Rs. 600.00, up by 5.00 points or 0.84% from its previous closing of Rs. 595.00 on the BSE.

The scrip opened at Rs. 599.75 and has touched a high and low of Rs. 600.00 and Rs. 593.00 respectively. So far 128 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 710.00 on 12-Mar-2015 and a 52 week low of Rs. 365.00 on 10-Jun-2014.

Last one week high and low of the scrip stood at Rs. 665.25 and Rs. 590.00 respectively. The current market cap of the company is Rs. 3001.17 crore.

The promoters holding in the company stood at 74.99% while Institutions and Non-Institutions held 11.07% and 13.94% respectively.

Dhanuka Agritech in tie-up with Hokko Chemicals, Japan has got registration of its product ‘Conika’ from Central Insecticides Board. Conika is a new, exclusive, 9(3) product, which is highly effective Fungicide for Paddy. It will go a long way towards improving paddy yields and farmer’s profits.

The company is also planning to introduce a new product under the brand name ’Cover’ in collaboration with Dupont. This new product is Rynaxypyr and will be available in liquid and granular form. It is expected that this product will contribute handsomely to the company’s topline.

Dhanuka Agritech is the umbrella company for the business of agro-chemicals, fertilizers, and seeds of Dhanuka Group. The company reaches out to more than 10 million farmers with its eco-friendly high quality crop care products. The Agri-Division has a pan-India presence through its marketing offices in all major states in India.

 

Peers
Company Name CMP
UPL 538.00
PI Industries 2300.00
Bayer CropScience 3603.85
Sharda Cropchem 721.10
Sumitomo Chem. India 431.30
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