Insecticides India rises on tying-up with Nihon Nohyaku to launch new generation insecticides

03 Jan 2017

Insecticides India is currently trading at Rs. 495.00, up by 12.85 points or 2.67% from its previous closing of Rs. 482.15 on the BSE.

The scrip opened at Rs. 488.00 and has touched a high and low of Rs. 495.00 and Rs. 488.00 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 543.95 on 08-Nov-2016 and a 52 week low of Rs. 297.00 on 17-Feb-2016.

Last one week high and low of the scrip stood at Rs. 495.00 and Rs. 468.00 respectively. The current market cap of the company is Rs. 1,023.06 crore.

The promoters holding in the company stood at 68.75%, while Institutions and Non-Institutions held 17.68% and 13.57% respectively.

Insecticides India (IIL) has tied-up with Japan’s Nihon Nohyaku Co for launching of new generation insecticides for different crops under the brand name ‘SUZUKA’. The company plans to introduce one more brand ‘HAKKO’, an insecticide for BPH in paddy crop.

Under this tie up, IIL would market SUZUKA, the new generation insecticide flubendiamide 20% SG of Nihon Nohyaku, Japan, which is an effective solution for control of lepidopteran pests in different crops like pulses, vegetables and paddy.

Insecticides India is a leading agro-chemical and pesticides manufacturer. It has formulation facilities in Chopanki (Rajasthan), Samba and Udhampur (Jammu & Kashmir) and Dahej (Gujarat).


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