Insecticides India up 3% in weak market; hits 52-wk high on healthy outlook

For FY23, the management expects the top line to grow by a double digit, mainly driven by expansion of facilities, addition of new generation products and significant number of product registrations.

Shares of Insecticides (India) (IIL) hit a 52-week high of Rs 937 on gaining 3 per cent on the BSE in Wednesday’s weak trade. The uptick came on the back of a healthy business outlook.

With this, the stock of the pesticides & agrochemicals company inched towards its all-time high level of Rs 966 hit on September 14, 2017. In comparison, the S&P BSE Sensex was down 0.45 per cent at 53,644 points at 01:14 PM.

IIL provides farmers with a range of products for their crop protection requirements. It also owns the prestigious “Tractor Brand” which has