Insecticides (India) rises after getting patent from Indian govt

Insecticides (India)

07/06/2023 08:02

** Shares of agrochemicals co Insecticides (India)  ISIL.NS 
rise as much as 3.42% to 467 rupees
    ** Stock on track for a fourth consecutive session of gain,
if trends hold
    ** Co said it along with OAT Agrio Co. has been granted
patent entitled 'substituted Pyrazole Derivatives And
Insecticides And Fungicides' by Indian govt.'s patent office
    ** Stock's moving average convergence divergence (MACD) line
above the signal line since May 29, indicating a bullish bias
    ** More than 109,000 shares change hands by 12:19 p.m. IST,
5.5x 30-day avg of 19,914 shares
    ** All four analysts covering the stock have a "buy" rating;
median PT is 640 rupees - Refinitiv data
    ** Stock down ~39.4% YTD, as of last close


 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))