DHANUKA

** Shares of agrochemicals maker UPL UPLL.NS jump 3.7% to 626.2 rupees, eye their biggest one-day gain in nearly four years, if current trend holds

** At least 10 brokerages have hiked price targets on UPL stock following strong Q3 results on Friday, and three raised ratings - LSEG data

** Investec says UPLL reported Q3 EBITDA margin at 19.8%, beating their estimate of 18% on favourable products mix, normalisation of rebate to dealers, improvement in prices

** Brokerage ups PT by ~56% to 700 rupees - a 16% premium on last close; raises rating to "buy" from "sell"

** Jefferies says business normalisation, recovery of volumes and prices drove Q3 growth

** Raises PT by 10% to 710 rupees; retains "buy"

** Over 7.2 mln shares traded, 3.4x the 30-day avg

** UPLL stock rated "buy" on avg, same as peer Dhanuka Agritech DHNP.NS, while Rallis India RALL.NS rated "sell" - LSEG data

** YTD, UPLL stock up ~25%, while DHNP and RALL down 5.3% and ~20%, respectively

(Reporting by Manvi Pant in Bengaluru)

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Nov 6 (Reuters) - Dhanuka Agritech Ltd DHNP.NS:

• DHANUKA AGRITECH SEPT-QUARTER CONSOL PROFIT 1.18 BILLION RUPEES

• DHANUKA AGRITECH SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 6.54 BILLION RUPEES

Further company coverage: DHNP.NS

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** Shares of Rallis India RALL.NS rise 11.5% to 359.45 rupees

** Agrochemical firm reports a 19.5% rise in Sept-qtr net profit to 980 million rupees (~$11.7 million) while rev from ops jumps 11.5%

** RALL on track for fourth straight session of gains

** Busiest session for stock since early August; more than 3.6 mln shares change hands, over 11 times the 30-day avg in early trade

** Avg rating of analysts covering RALL at "sell" vs a "buy" rating both for larger peers UPL UPLL.NS and Dhanuka Agritech DHNP.NS

** RALL's median PT is at 250 rupees - LSEG data

** Stock up ~44% so far this year vs a ~3% fall in UPLL and a ~44% rise in DHNP

($1 = 84.0650 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

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** Shares of Insecticides (India) Ltd ISIL.NS down 5.9% at 936 rupees

** ISIL announced a buyback of shares worth 500 million rupees (around $6 mln) after market hours on Friday at 1,000 rupees per share

** Buyback price at 0.6% premium to Friday's close to 994.45 rupees

** Rivals Dhanuka Agritech DHNP.NS and Rallis India RALL.NS closed at 1,825.9 rupees (down 0.8%) and 352.4 rupees (up 4.5%) on Friday

** Stock down for third-straight session where it has lost 8.5%

** ISIL trims YTD gains to ~40%

($1 = 83.8800 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru)

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Corrects headline and second bullet to say approves opening of tender offer, not approves buyback of shares

** Shares of Dhanuka Agritech DHNP.NS rise 7% to 1,869.44 rupees

** The agro chemical firm approves opening of tender offer for buyback of shares worth up to 1 bln rupees ($11.93 mln) via tender offer route

** All brokerages rating the stock rate it "buy" or higher; median PT is 1,900 rupees - LSEG data

** Including session's gains, DHNP up ~69% YTD

($1 = 83.8275 Indian rupees)

(Reporting by Yagnoseni Das in Bengaluru)

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July 30 (Reuters) - Dhanuka Agritech Ltd DHNP.NS:

• TO CONSIDER BUYBACK OF SHARES

Source text for Eikon: ID:nBSE5B20Zs

Further company coverage: DHNP.NS

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** Shares of Kaveri Seed Company KVRI.NS, Dhanuka Agritech DHNP.NS and Mangalam Seeds MGSL.BO up between 5.7% and 8.6%

** Indian government to provision 1.52 trln rupees ($18.18 bln) for agri- and allied sectors, Finance Minister Nirmala Sitharaman said in budget speech

** KVRI on track to rise in third straight session, if trend holds

** KVRI and DHNP up 64% each YTD, MGSL up 10%

($1 = 83.6180 Indian rupees)

(Reporting by Varun Vyas in Bengaluru)

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** Brokerage HSBC downgrades Tata Chemicals TTCH.NS to "reduce" from "hold", flags weak fundamentals in soda ash segment and elevated valuations

** TTCH ends session ~4% lower, extending declines from Friday

** Expect volume- and pricing-led pressure to impact Q4 results for UPL UPLL.NS and Rallis India RALL.NS, leading to 6%-25% rev declines, brokerage says

** Retains "buy" on UPL, "reduce" on RALL; avg rating on UPLL, RALL, TTCH are "buy", "hold" and "sell" respectively - LSEG

** Adds domestic agri-chem companies likely fared better, "prefers" PI Industries PIIL.NS and Dhanuka Agritech DHNP.NS

** Sector to revive in H2CY24 after "disrupted" 2023, led by lower inventory, stable prices - HSBC

** UPLL, RALL, PIIL, DHNP close down between 1.12%-2.6%

(Reporting by Hritam Mukherjee in Bengaluru)

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March 21 (Reuters) - Dhanuka Agritech Ltd DHNP.NS:

• SIGNED MOU WITH INDIAN COUNCIL OF AGRICULTURAL RESEARCH FOR SCIENTIFIC AND TECHNICAL COOPERATION

Source text for Eikon: [ID:]

Further company coverage: DHNP.NS

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Feb 2 (Reuters) - Dhanuka Agritech Ltd DHNP.NS:

• DHANUKA AGRITECH LTD - SIGNS LETTER OF INTENT TO SET UP JV WITH SPAIN-BASED CUTTING-EDGE BIOTECH KIMITEC

• DHANUKA AGRITECH LTD - TWO COMPANIES WILL ALSO EXPLORE SETTING UP A RESEARCH & DEVELOPMENT FACILITY IN INDIA

Source text for Eikon: ID:nNSE2z78Gz

Further company coverage: DHNP.NS

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** Shares of Dhanuka Agritech Ltd DHNP.NS rises 2.7% to 1,199.90 after hitting an intraday high of 3.3% earlier in the session

** Agro chemical co says it signed a non-binding letter of intent (LoI) with Kimitec Group, Spain to explore various business opportunities including setting up JV in India

** Stock on track to gain after 2 days of losses

** Stock trading above its 200-day simple moving avg since Aug. 2, 2023

** All brokerages rating the stock rate it "buy" or higher; their median PT is 1,060 rupees - 13.8% lower than day's high - LSEG data

** With session's gains, DHNP up ~13.4% YTD; stock gained 48.3% in 2023

(Reporting by Meenakshi Maidas in Bengaluru)

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Jan 24 (Reuters) - Dhanuka Agritech Ltd DHNP.NS:

• DHANUKA AGRITECH LTD - SIGNED A NON-BINDING LETTER OF INTENT WITH AN OVERSEAS ENTITY NAMED KIMITEC GROUP, SPAIN

• DHANUKA AGRITECH LTD - LOI FOR EXPLORING VARIOUS BUSINESS OPPORTUNITIES INCLUDING SETTING UP OF JOINT VENTURE IN INDIA

Source text for Eikon: ID:nNSE712Nw7

Further company coverage: DHNP.NS

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** Brokerage HSBC expects Indian agro input companies to recover in 2024 following a "disruptive" 2023

** Sector should rebalance over 1H2024 and may see a revival in 2H on less inventory overhang, pesticide prices close to bottoming out, higher crop prices - HSBC

** Brokerage raises PT of Dhanuka Agritech DHNP.NS to 1,200 rupees and of Bayer Cropscience BAYE.NS to 5,600 rupees

** Prefers UPL UPLL.NS, PI Industries PIIL.NS and DHNP, downgrades Rallis India RALL.NS to "reduce" from "hold"

** DHNP rises 1.6%, on track to snap six straight weeks of losses

** BAYE, UPLL, RALL, PIIL gain between 0.4% and 1.4% on Thursday

(Reporting by Hritam Mukherjee)

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Nov 7 (Reuters) - Dhanuka Agritech Ltd DHNP.NS:

• APPROVED PROVIDING LOAN FACILITY TO DHANUKA LABORATORIES UPTO 500 MILLION RUPEES

• SEPT-QUARTER CONSOL PROFIT 1.02 BILLION RUPEES VERSUS 730.2 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 6.18 BILLION RUPEES VERSUS 5.43 BILLION RUPEES

Source text for Eikon: ID:nBSE6Sfx52

Further company coverage: DHNP.NS

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Aug 9 (Reuters) - Dhanuka Agritech Ltd DHNP.NS:

• TRIAL PRODUCTION AT NEW PLANT SITUATED AT DAHEJ, GUJARAT HAS COMMENCED ON AUG 8

Source text for Eikon: ID:nNSE1YRdjm

Further company coverage: DHNP.NS

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Aug 2 (Reuters) - Dhanuka Agritech Ltd DHNP.NS:

SARVEJANA HEALTHCARE PRIVATE LIMITED​

• JUNE-QUARTER CONSOL PROFIT 329.4 MILLION RUPEES VERSUS PROFIT 491.1 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 3.69 BILLION RUPEES VERSUS 3.93 BILLION RUPEES

Source text for Eikon: ID:nBSE2pW9W2

Further company coverage: DHNP.NS

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May 25 (Reuters) - Dhanuka Agritech Ltd DHNP.NS:

• DIVIDEND 2 RUPEES PER SHARE

• MARCH-QUARTER CONSOL PROFIT 653 MILLION RUPEES VERSUS PROFIT 544 MILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 3.71 BILLION RUPEES VERSUS 3.18 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: DHNP.NS

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