In July, the board approved buyback of upto 10 lakh equity shares at a final buyback price of Rs 1,000 each for an aggregate amount not exceeding Rs 100 crore.
Dhanuka Agritech manufactures insecticides, pesticides and other chemicals. The company has technical tie-ups with 4 American and 6 Japanese companies.
The company's consolidated net profit surged 252.80% to Rs 51.79 crore on 70.7% jump in net sales to Rs 373.85 crore in Q1 June 2020 over Q1 June 2019.
In the past six months, the stock has surged 157.38% while the benchmark S&P BSE Sensex has added 28.10% during the same period.