Dhanuka Agritech gains on getting licence to manufacture insecticides

Dhanuka Agritech has rallied 6% to Rs 594 on the BSE in early morning trade after the company announced that it has received a licence to manufacture insecticides.

“The company has received 'Licence to manufacture Insecticides' form Joint Director of Agriculture (Plant & Protection), Rajasthan for the manufacturing unit of the company situated at Keshwana, Kotputli (Jaipur), Rajasthan,” Dhanuka Agritech said in a statement.

Meanwhile, the company declared a second interim dividend @ 200% (i.e. Rs 4 per equity share having face value of Rs 2 each) for the financial year 2015-16.

The payment date of the second interim dividend shall be on or before April 16, 2016, it added.

At 09:23 AM, the stock was up 4.5% at Rs 584 as compared to 0.3% rise in the S&P BSE Sensex. A combined around 9,000 shares changed hands on the counter on the BSE and NSE.

 

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel