Agri stocks rally; Bayer Crop, Dhanuka Agritech hit all-time highs

In the past one month, Dhanuka Agritech, Sharda Cropchem, Aster Lifesciences, Bayer Cropscience, Insecticides India, Rallis India and UPL have rallied between 11 per cent and 44 per cent

Shares of agrochemicals companies rallied up to 5 per cent on the BSE on Tuesday amid expectation of earning improvement on the back of normal South-West monsoons this year, which bodes well for the consumption of fertilizers and agrochemicals in the Kharif season.

Bayer Cropscience and Dhanuka Agritech hit their respective lifetime highs while PI Industries, and Rallis India hit their 52-week highs after rallying up to 5 per cent each. In the past one month, the share prices of Dhanuka Agritech, Sharda Cropchem, Aster Lifesciences, Bayer Cropscience, Insecticides India, Rallis India, and UPL have rallied between 11 per