Agrochemical stocks rally; Bayer Crop hits new high, Dhanuka Agri soars 17%

UPL, Rallis India and Sumitomo Chemical India were up 5 per cent each on the BSE.

Shares of agrochemical manufacturers were on a roll, with Bayer Cropscience (up 7 per cent at Rs 5,356) and Coromandel International (up 8 per cent at Rs 700) hitting their respective all-time highs in the intra-day trade on Wednesday after reporting strong results for the quarter ended March 2020 (Q4FY20).

Dhanuka Agritech touched a 52-week high of Rs 578, rallying 17 per cent on the BSE today. Besides, UPL, Rallis India and Sumitomo Chemical India were up 5 per cent each, as compared to a 2.6 per cent rise in the S&P BSE Sensex at 02:17 pm.

Last week, most of these