Production ramp-up to help Insecticides India narrow valuation gap
Over the last three years, the firm invested about `200 crore to augment manufacturing capabilities
Insecticides (India) Ltd’s fourth-quarter sales disappointment did not last long. The stock lost almost 10% in the fortnight after the results announcement as concerns about the monsoon season riled investors. But as fickle as the weather, the stock climbed back to the pre-results level as soon as the monsoon took off to a good start. The timely rains will set farming activity in motion, reducing risks to agrochemical sales.