The announcement was made after market hours and the shares of the company today ended at RS 172.45 on the NSE, an increase with RS 8.20 or 5% per share.
Only 1.68 Lakh shares that were traded on the NSE today with a total traded value of RS 2.89 Crore.
The company’s board will also consult on strategic expansion to hydropulture and aquaponics agricultural technologies. This proposed movement is in view of the increasing global demand for sustainable and water -efficient agricultural methods, increasing consumer preference for pesticide products and the growing needs of India for high yields, low water footprint agricultural solutions.
It is expected that diversifying to these areas will enable the company to use R&D options, generate higher margins and meet both domestic and export market potential in fresh products, herbs and special crops.
Nirman Agri Genetics is agri input company that deals with production, processing and marketing of high-quality hybrid seeds, pesticides, bio-organic crops such as corn, sunflower, cotton, paddy, grain Sorghum, etc. and recently placed in micronutrients and bioproducts. The company also produces non-hybrid seeds, mainly for Paddy. The shares was mentioned on March 28, 2023. The market capitalization of the company is RS 138.13 Crore. There has been some rebound last month, because the share collected 19%.
Nirman Agri Genetics shares are currently being traded above their 50-day simple moving average (SMA) of RS 156.8 according to Trendlyne data. They act under their 200 SMA from RS 255.4.
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