Introduction:
Leading agrochemical stock has been granted a 20-year patent by the Government of India for its innovative fungicidal compositions. This patent strengthens its position in the crop protection sector and highlights its commitment to advancing agricultural solutions through research and development.
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Share price movement of Insecticides (India) Limited:
On November 25, 2024, Insecticides (India) Ltd. opened at ₹728.90, a 3.13% increase from its previous close of ₹706.85. The stock reached an intraday high of ₹757.85, up 7.22%, and an intraday low of ₹721.00.
By 10:56 AM, it was trading at ₹742.00, reflecting a 4.97% increase. The market capitalization for the day stood at ₹2,159.06 crore.
Insecticides India granted fungicide patent:
Insecticides (India) Limited has received a patent grant from the Government of India for its invention titled “Fungicidal Compositions and Methods Related Thereto.” The patent is valid for 20 years from June 28, 2019.
This new patent strengthens the company’s position in the agricultural sector, particularly in crop protection. The invention focuses on innovative fungicidal compositions, offering potential advancements in pest control technology.
The granting of this patent aligns with the company’s ongoing efforts to enhance its research and development capabilities. It reflects Insecticides (India) Limited’s commitment to innovation in the agricultural solutions market.
Recent news on Insecticides (India) Limited:
As of 12 Nov 2024, Insecticides India reported mixed Q2 results with a 9.9% YoY revenue decline, while profit rose by 15.69% YoY. Despite a slight increase in operational costs, EPS grew by 15.77%. The stock saw a -3.4% return over the past week.
Stock performance of Insecticides (India) Limited for Period of 1 week, 6 months and 1 year:
Insecticides (India) Limited has experienced a slight dip of 0.69% over the past week. However, its performance over the last six months is strong, showing a 32.3% increase, and a solid 15.9% growth over the past year.
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Shareholding pattern of Insecticides (India) Limited:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 72.20% | 72.20% | 72.20% |
| FII | 5.40% | 4.40% | 4.30% |
| DII | 9.10% | 9.10% | 9.20% |
| Public | 13.30% | 14.40% | 14.40% |
About the company Insecticides (India) Limited:
Insecticides India Ltd (NSE: INSECTICID) manufactures agrochemicals, including technicals, formulations, and biological products. Catering to both Indian consumers and export markets, it operates in over 30 countries with more than 75 registrations, serving over 100 customers globally.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
