Dhanuka Agritech rose 3.84% to Rs 580.15 at 9:55 IST on BSE after the company said it has received a licence to manufacture insecticides from Joint Director of Agriculture (Plant & Protection), Rajasthan.
The announcement was made after trading hours yesterday, 17 March 2016.Meanwhile, the S&P BSE Sensex was up 46.68 points or 0.19% at 24,724.05.
On BSE, so far 1,674 shares were traded in the counter as against average daily volume of 697 shares in the past two weeks. The stock hit a high of Rs 594 and a low of Rs 572.15 so far during the day. The stock had hit a 52-week high of Rs 700 on 30 March 2015. The stock had hit a 52-week low of Rs 411.05 on 9 November 2015.
The small-cap company has equity capital of Rs 10 crore. Face value per share is Rs 2.
Dhanuka Agritech said it will manufacture insecticides at its unit situated at Keshwana, Kotputli (Jaipur), Rajasthan.
Dhanuka Agritech's net profit rose 2.5% to Rs 22.55 crore on 15% growth in net sales to Rs 205.83 crore in Q3 December 2015 over Q3 December 2014.
Dhanuka Agritech is engaged in the manufacture of various technical-grade pesticides which includes insecticides and weedicides.
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