India's Best Agrolife rises on approval for indigenous manufacturing of product

Best Agrolife

09/06/2023 07:53

** Shares of agrochemical maker Best Agrolife Ltd  BESA.NS 
up as much as 6.1% to 1,096.95 rupees, their highest since May
23
    ** Co says it received registrations for indigenous
manufacturing a product, which is a combination of
Trifloxystrobin 10% + Difenoconazole 12.5% + Sulphur 3% Sc from
Central Insecticides Board & Registration Committee (CIBRC)
    ** With this, BESA will become the first Indian company to
manufacture this combination in the country under brand name
Tricolor, set to launch in July  
    ** Stock on track to rise for second straight session, if
gains hold
    ** Over 119,000 shares change hands by 12:09 p.m. IST, 1.1x
the 30-day moving avg
    ** Stock down ~32% YTD


 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))