Dhanuka Agritech gains on getting licence to manufacture insecticides

The stock rallied 6% to Rs 594 on the BSE in early morning trade.

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.