Advanta gains 8% on pact with US firm

Shares of Bangalore-headquartered Advanta India gained 8.04 per cent to close at Rs 551 after it announced that it has signed a pact with a US-based agricultural technology company for using its nitrogen-use efficient technology in sorghum, a feed crop.

A total of 1,108 shares changed hands on the Bombay Stock Exchange today, touching a high of Rs 551 and a low of Rs 510 in intra-day trading. The firm is a subsidiary of United Phosphorous and is engaged in research and development, production, distribution and marketing of hybrid agricultural field crop seeds and plant seeds.