Insecticides India jumps after buying site to set up manufacturing plant

Insecticides (India)

03/08/2023 06:49

** Shares of Insecticides India  ISIL.NS  rise as much as
5.13% to a near three-month high of 474.50 rupees
    ** Firm acquires industrial site in Alwar, Rajasthan to
start a manufacturing facility to expand production 
    ** Co to report June quarter results on Aug 10
    ** Stock most active in two months, with a trading volume of
95,627 shares as of 11:05 a.m. IST, 4x the 30-day avg -
Refinitiv data
    ** The moving average convergence divergence (MACD) line has
been above the signal line since Aug 1, suggesting near-term
bullish momentum
    ** ISIL down ~38% this year versus a 7.69% rise in benchmark
Nifty 50  .NSEI 

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))