Insecticides at historic high on 'Monocil' buy

Insecticides zoomed 11% at Rs 339 after the company said it has entered into an agreement to acquire the brand viz. 'MONOCIL' with NOCIL Ltd along with all exclusive rights. The stock ended with 5.5% gains at Rs 322.

The stock opened at Rs 305 and touched high of Rs 347 on the NSE. The trading volumes at the counter jumped multiple-fold with as many as 2.83 million shares already changing hands so far as against an average 211,926 shares traded daily in past two weeks.

Meanwhile, Nocil on the other hand has soared 16% to Rs 18.50 on the NSE.  A combined 5.45 million shares have changed hands on the counter till 1500 hrs on both the exchanges.