Dhanuka Agritech surges on launching new product ‘NEMATAXE’

Dhanuka Agritech is currently trading at Rs. 719.75, up by 7.55 points or 1.06% from its previous closing of Rs. 712.20 on the BSE.

The scrip opened at Rs. 715.65 and has touched a high and low of Rs. 721.00 and Rs. 712.10 respectively. So far 574 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 748.90 on 05-Sep-2022 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. 725.60 and Rs. 703.80 respectively. The current market cap of the company is Rs. 3258.39 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 launched new product ‘NEMATAXE’ under biological insecticide category. The product is beneficial to ‘Nematophagous Fungus: paecilomyces lilacinus’. The newly launched product caters to domestic market.

Earlier, the company had set up a new research and development (R&D) centre at Palwal in Haryana with an investment of Rs 10 crore.

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.

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