An increasing number of companies have been doling out bonus shares since the past few months. This has come as a golden opportunity for some promoters waiting to take a quick exit from their holdings, thanks to the bonus-triggered boost in liquidity in the shares.

Insecticides India's net profit, apart from rising on-year, has also jumped sequentially as it stood at Rs 38.3 crore during Q1.

In the Nifty50 index, 41 stocks closed in the green, while 9 stocks ended in the red.

The Nifty Auto index closed 1.62 per cent up at 12699.3.

In the Nifty pack, 41 stocks closed in the green, while 9 stocks ended in the red.

The Nifty Pharma index closed 0.76 per cent up at 12971.9.

In the Nifty50 index, 31 stocks were trading in the green, while 19 stocks were in the red.

The Nifty Realty index was trading 0.71 per cent up at 418.75.

In the Nifty pack, 31 stocks were trading in the green, while 19 stocks were trading in the red.

In the Nifty 50 index, 29 stocks were trading in the green, while 21 stocks were trading in the red.

Insecticide Ind, Airo Lam, Apollo Sindoori, M K Proteins and Maks Energy Solutions India Ltd., hit their fresh 52-week highs at 10:19AM.

The Nifty Pharma index was trading 0.1 per cent down at 12862.05.

The Nifty Auto index was trading 0.72 per cent down at 12406.9.

Shares of Destiny Logistics & Infra will turn ex-rights on Thursday. The company announced a rights issue of 1 share for every 1 share held, offered at Rs 10 apiece.

Prabhudas Lilladher recommended hold rating on Insecticides India with a target price of Rs 920 in its research report dated August 17, 2022.

Sharekhan is bullish on Insecticides (India) has recommended buy rating on the stock with a target price of Rs 1170 in its research report dated August 17, 2022.

Apollo Hospital, Kotak Bank, Eicher Motors, HUL and Britannia were among the top losers on NSE.

Total income rose to Rs 257.73 crore in the fourth quarter of 2020-21 from Rs 237.75 crore in the corresponding period of the previous year.

Profit booking was the prevalent theme on midcap and smallcap stocks. However, fertilizer counters gained big as the Cabinet approved the subsidy proposal. Adani Group counters continued their losing streak.

This is follow-up on Insecticides India. Can check link to related ideas. Target 2 achieved. More than 40%. Target 3 is ON. Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.

This is follow-up on Insecticides India. Can check link to related ideas. Target 1 achieved. More than 30%. Target 2 is ON. Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.

Rajesh Aggarwal's go to place for a fine dine experience is a hearty dinner at Dum Pukht at ITC.

Prabhudas Lilladher is bullish on Insecticides India has recommended buy rating on the stock with a target price of Rs 506 in its research report dated February 09, 2021.