Basant Agro enters into marketing arrangement with Mangalore Chemical

Basant Agro Tech India Ltd has announced that the Company has entered into the marketing arrangement with the market leader of south M/s. Mangalore Chemical & Fertilizers Ltd., for making in the State of Karnataka the NPK Granulated Mixture fertilizers produced by the Company at its newly acquired fertilizer plant at Hospet.

With this the Company will be able to sell NPK Mixture Granulated fertilizers in Karnataka thereby expanding its area of operation and it will have positive impact on its profitability and top line.

The stock closed the day at Rs.45.35, down by Rs.0.85 or 1.84%. The stock hit an intraday high of Rs.46.60 and low of Rs.44.60. The total traded quantity was 4209 compared to 2 week average of 13471.

Source : Equity Bulls

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