Upper circuit stock: Kilpest India resumes upward journey

Kilpest India has been outperforming the markets for a couple of weeks now after tumbling from its all-time high of Rs 517 per share made on August 12.

The stock corrected by almost 46 per cent to Rs 279 per share as of September 24. Since then, it has been gaining steadily and is up by almost 37.72 per cent. On Wednesday, it closed at Rs 384.25 per share. 

The company is believed to have received a big order from Europe and hence, is witnessing a spurt in demand for its shares. 

The stock has been continuously locked in the upper circuit for the past few sessions. It is up by more than 346 per cent on a YTD basis and is one of the best-performing stocks of 2020. 

Kilpest India is an agri-based company, primarily offering agrochemical products. Crop protection products, public health products, bioproducts, micro-nutrients, and mixed fertilisers are some of the other major products of the company. Kilpest India has diversified into the biotechnology sector, which is believed to be a sunrise sector in India.