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Dhanuka Agritech up for 4th straight day, hits 52-wk high on good Q4 nos

The stock hit a 52-week high of Rs 667. It has rallied 15% in the past four trading days, as compared to a 3.9 per cent decline in the S&P BSE Sensex.

Agriculture
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With this year’s favorable monsoon forecast, the management is hopeful of much positive performance in the fiscal year 2020-21.

SI Reporter Mumbai
Shares of Dhanuka Agritech were trading higher for the fourth straight day on Friday, hitting a new high of Rs 667, up 4 per cent on the BSE in an otherwise weak market after reporting healthy numbers for the quarter ended March 2020 (Q4FY20).

In the past four trading days, the stock of the agrochemical company has rallied 15 per cent, as compared to a 3.9 per cent decline in the S&P BSE Sensex.

The company’s EBITDA (earnings before interest, taxes, depreciation, and amortisation) for the quarter rose 38.6 per cent year-on-year (YoY) to Rs 45.78 crore from Rs 33.03 crore in