Dhanuka Agritech rose 2.34% to Rs 185.50 at 10:20 IST on BSE after three block deals aggregating 6.88 lakh shares were executed in the counter on BSE.
A block deal of 1.38 lakh shares was executed at Rs 181.50 per share at 9:28 IST. Another block deal of 1.38 lakh shares was executed at Rs 183.20 per share at 9:28 IST. Third block deal of 4.12 lakh shares was executed at Rs 183 per share at 9:31 IST.
The three block deals constitute 1.37% of Dhanuka Agritech's equity.
Meanwhile, the S&P BSE Sensex was up 123.30 points or 0.59% at 21,197.89.
On BSE, so far 7.03 lakh shares were traded in the counter as against average daily volume of 26,979 shares in the past one quarter.
The stock hit a high of Rs 188.90 so far during the day, which is a record high for the counter. The stock hit a low of Rs 181.50 so far during the day. The stock had hit a 52-week low of Rs 112.35 on 4 March 2013.
The stock had outperformed the market over the past one month till 26 December 2013, surging 17.12% compared with the Sensex's 3.18% rise. The scrip had also outperformed the market in past one quarter, jumping 34.16% as against Sensex's 5.94% rise.
The small-cap company has equity capital of Rs 10 crore. Face value per share is Rs 2.
Dhanuka Agritech's consolidated net profit surged 35.3% to Rs 32.05 crore on 24% growth in net sales to Rs 253.40 crore in Q2 September 2013 over Q2 September 2012.
Dhanuka Agritech is engaged in the manufacture of various technical-grade pesticides which includes insecticides and weedicides.
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