Introduction:
Agrochemical stock has signed a strategic agreement with Bayer AG to acquire key crop protection ingredients, “Iprovalicarb” and “Triadimenol.” This move, which includes the trademark “Melody,” will expand its market presence, boosting its competitive position and growth opportunities in the global agrochemical sector.
Share price movement of Dhanuka Agritech Limited:
On November 25, 2024, Dhanuka Agritech Ltd. opened at ₹1,491.00, a 0.64% increase from its previous close of ₹1,481.50. The stock reached an intraday high of ₹1,550.00, up 4.61%, and an intraday low of ₹1,482.45.
By 1:02 PM, it was trading at ₹1,506.00, reflecting a 1.65% increase. The market capitalization for the day stood at ₹6,761.75 crore.
Also Read: Have You Found Your Match Yet? All About Finding The Right Stock Broker
Dhanuka Agritech acquires Bayer ingredients:
Dhanuka Agritech Ltd. has signed a strategic agreement with Bayer AG, Germany, to acquire crop protection ingredients “Iprovalicarb” and “Triadimenol.” The deal also includes the trademark “Melody” for Iprovalicarb, marking a significant expansion for Dhanuka.
The acquisition is aimed at strengthening Dhanuka’s portfolio, helping the company expand its reach in both domestic and international markets. This move is expected to enhance Dhanuka’s competitive position and facilitate access to more growth opportunities in the global agrochemical industry.
Completion of the acquisition is subject to the fulfillment of specific closing actions. Dhanuka Agritech aims to leverage these new ingredients to enhance crop protection offerings and make a stronger impact worldwide.
Recent news on Dhanuka Agritech Limited:
As of November 6, 2024, Dhanuka Agritech Ltd. reported its net profit for Q2 FY25, reaching ₹117 crore. Revenue grew 6% year-on-year to ₹654 crore, while EBITDA rose 12.7% to ₹160 crore. The EBITDA margin increased to 42.2%.
Also Read : Infra stock jumps 5% after it receives LoA from NTPC Vidyut Vyapar Nigam for battery energy storage systems
Stock performance of Dhanuka Agritech Limited for Period of 1 week, 6 months and 1 year:
Dhanuka Agritech Limited has experienced a slight decline of 0.88% over the past week. However, it has shown impressive growth with a 17.6% return over the last six months and a 63.7% return over the past year, indicating strong long-term performance.
Shareholding pattern of Dhanuka Agritech Limited:
All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
Promoter | 70.30% | 70.20% | 70.20% |
FII | 2.00% | 1.50% | 1.50% |
DII | 19.00% | 19.30% | 18.90% |
Public | 8.70% | 9% | 9.40% |
About the company Dhanuka Agritech Limited:
Dhanuka Agritech Ltd (NSE: DHANUKA) is a leading agro-chemical manufacturer, offering over 300 products across herbicides, insecticides, fungicides, and plant growth regulators. The company has launched several new products, including BiologiQ for crop protection.
Also Read : PSU stock jumps 3% after it signs MOU with Seatrium Letourneau USA, Inc.
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.