Introduction:
Agrochemical stock has recently been granted a 20-year patent for the manufacture of Methyl 2-(2-MethylphenoxyMethyl) Phenylglyoxylate by the Indian Patent Office. This patent strengthens its intellectual property and enhances its position in the chemical industry.
Also Read: Infra stock jumps 2% after it receives order for 500 MW battery energy storage systems in Gujarat
Share price movement of Best Agrolife:
On December 2, 2024, Best Agrolife Ltd opened at ₹617.95, up from ₹613.95. The stock reached a high of ₹618.00 and a low of ₹613.25. As of 11:11 AM, it was trading at ₹613.95, with a market cap of ₹1,458.64 crore.
Sudarshan Farm Chemicals wins patent:
Sudarshan Farm Chemicals India Pvt. Ltd., a wholly owned subsidiary of Best Agrolife Ltd, has been granted a patent for the manufacture of Methyl 2-(2-MethylphenoxyMethyl) Phenylglyoxylate. The patent was awarded by the Indian Patent Office under the provisions of the Patents Act, 1970.
The patent, granted on Sep 20, 2022, provides Sudarshan Farm Chemicals exclusive rights for the next 20 years for the manufacturing process of this unique chemical compound. The move strengthens the company’s intellectual property portfolio and expands its market presence.
This development reflects the company’s continued efforts to innovate within the chemical industry. The patent enhances its capabilities in providing specialized products, marking a significant milestone for the wholly owned subsidiary.
Recent news on Best Agrolife:
As of November 25, 2024, Best Agrolife Ltd. announced the grant of a patent for its insecticide formulation, “Bestman.” The product combines Fipronil, Abamectin, and Tolfenpyrad, aimed at pest management in crops like chilli, cotton, and vegetables, launching in early 2025.
Also Read: Defence stock jumps 5% after it signs MoU worth ₹1,000 Cr with Ministry of Defence
Stock performance of Best Agrolife for Period of 1 week, 6 months and 1 year:
Best Agrolife Ltd. has shown positive growth in the short term, with a 4.29% increase in stock price over the past week and an 11.1% rise over the last six months. However, the company has faced a significant decline of 31.2% over the past year.
Shareholding pattern of Best Agrolife:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 50.10% | 50.10% | 50.10% |
| FII | 8.00% | 8.70% | 8.80% |
| DII | 2.70% | 2.50% | 2.50% |
| Public | 39.20% | 38.60% | 38.60% |
About Best Agrolife:
Best Agrolife Ltd. (NSE: BESTAGRO) is a leading Indian agrochemicals manufacturer, specializing in insecticides, herbicides, fungicides, and plant growth regulators. It offers over 70 formulations and serves major corporates and MNCs.
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.
