India's Dhanuka Agritech up on signing letter of intent with Spanish co

Dhanuka Agritech

25/01/2024 04:50

** Shares of Dhanuka Agritech Ltd  DHNP.NS  rises 2.7% to
1,199.90 after hitting an intraday high of 3.3% earlier in the
session
    ** Agro chemical co says it signed a non-binding letter of
intent (LoI) with Kimitec Group, Spain to explore various
business opportunities including setting up JV in India
    ** Stock on track to gain after 2 days of losses 
    ** Stock trading above its 200-day simple moving avg since
Aug. 2, 2023
    ** All brokerages rating the stock rate it "buy" or higher;
their median PT is 1,060 rupees - 13.8% lower than day's high -
LSEG data
    ** With session's gains, DHNP up ~13.4% YTD; stock gained
48.3% in 2023

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))