Insecticides (India) jumped 5.82% to Rs 706.50 at 12:47 IST on BSE after the company said that a meeting of the board of directors of the company will be held on 30 October 2014, to consider and recommend bonus issue.
The company made announcement after market hours on Thursday, 16 October 2014.
Meanwhile, the BSE Sensex was up 65.74 points or 0.25% at 26,065.18.
On BSE, so far 16,616 shares were traded in the counter, compared with an average volume of 12,806 shares in the past one quarter.
The stock hit a high of Rs 724 and a low of Rs 697.05 so far during the day. The stock hit a record high of Rs 809.45 on 10 September 2014. The stock hit a 52-week low of Rs 203 on 8 November 2013.
The stock had underperformed the market over the past one month till 16 October 2014, falling 6.77% compared with 1.86% fall in the Sensex. The scrip had, however, outperformed the market in past one quarter, surging 64.87% as against Sensex's 1.76% rise.
The small-cap company has an equity capital of Rs 12.68 crore. Face value per share is Rs 10.
The board will also take on record company's Q2 results on 30 October 2014.
Insecticides (India)'s net profit rose 22.8% to Rs 17.40 crore on 27.7% rise in total income to Rs 252.49 crore in Q1 June 2014 over Q1 June 2013.
Insecticides (India) manufactures all types of insecticides, weedicides, fungicides and PGRs for all types of crops and household.
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