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Dhanuka Agritech Unveils a new Insecticide ‘DEFEND’

28 June 20232 mins read by Angel One
Shares of the company gained more than 15% in the last six months.
Dhanuka Agritech Unveils a new Insecticide ‘DEFEND’
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Dhanuka Agritech has strengthened its crop care portfolio by introducing a powerful new insecticide ‘DEFEND’. DEFEND contains Triflumezopyrim 10% SC and gives complete protection from hoppers. Pyraxalt active, the active ingredient of DEFEND insecticide inhibits the neurotransmission in affected insects, thus controlling their spread and completely wiping them away. DEFEND gives immediate protection from first-generation Brown Plant Hopper (BPH) and White Backed Plant Hopper (WBPH) in just one application on paddy. It gives effective control of the different life stages of the insect. 

With this new introduction and a strong pipeline for this year, Dhanuka Agritech is optimistic to augment its position in the crop care product segment. Dhanuka Agritech launched two selective herbicides, Mesotrax and Implode in the Q1 FY2023-24. It also diversified its crop care range introducing BiologiQ, a unique range of sustainable solutions developed with the fusion of traditional science and new-age agriculture practices.

 Dhanuka Agritech has a positive outlook for the agricultural sector in India for FY 2023-24 with new growth plans and a robust product pipeline.  

Dhanuka Agritech is one of India’s leading agrochemical companies. It has solutions for all major crops grown in the country including cotton, paddy, wheat, sugarcane, pulses, fruits & vegetables, plantation crops, and others. 

Today, the stock opened at Rs 797, with a high and low of Rs 805.60 and Rs 797 respectively. The stock is currently trading at Rs 802.25, up by 0.94%. The stock has a 52-week high of Rs 817.60 and a 52-week low of Rs 603.05. The company has a ROCE of 29.3% and an ROE of 23.1% with a market capitalisation of Rs 3,655 crore.  

The stock has shown impressive growth and investors should keep a close eye on this stock.

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