Trending stock: Dhanuka Agritech surges by more than 15 per cent in a week

Overall, a positive trend is observed in agritech stocks including Dhanuka Agritech. The company has nearly doubled since the beginning of 2020.  

The agritech industry is expected to witness a boom, led by increased digital penetration in rural areas. Benefitting from the industry’s growth, Dhanuka Agritech expects to see improved financial performance & sales, aided by the healthy performance of its top-selling products. The company continues to undertake Capex expansion along with the launch of new products.  

Various industry experts remain certain about the company’s positive growth trend.   

The company’s stock gained by around 15.55 per cent in one week and is up by around 5 per cent in the last one month. Previously, the stock witnessed a sharp surge in September 2020, after the company’s board had approved the buyback of equity shares.  

Dhanuka Agritech Ltd is engaged in the formulation & marketing of plant protection agrochemicals, including insecticides, herbicides, fungicides, and plant growth regulators. Its brand portfolio consists of more than 80 products.