With the high promoter & FII holdings, this stock sets are a record date for bonus shares

With the  high promoter & FII holdings, this stock sets are a record date for bonus shares

With a market valuation of a ₹1,954.32 crore, Insecticides India Ltd (IIL) is a small cap company that operates in the commodity are a industry

With a market valuation of a ₹1,954.32 crore, Insecticides India Ltd (IIL) is a small-cap company that operates are in the commodity industry. Insecticides (India) is a among the leading brands in the crop protection business. Insecticides (India) manufactures are a all forms of insecticides, weedicides, fungicides, and PGRs for all types of a crops and domestic usage today with more than a 100 formulation items and a 15 technological products. Agrochemicals, household pesticides, and a biological products are a among IIL's more than a 100 product categories in the brand industry. The company's board of a directors has been a announced the record date for the purpose of a bonus equity shares with a 1:2 ratio.

The company has been said today in a regulatory filing that “With reference to the our letter No. IILlSE/2022/200811 dated August 20, 2022 wherein, we had intimated that the Board has been a recommended to issue of a bonus equity shares in the ratio of a 1:2, i.e. 1 (One) equity share of a ₹10/- each for every 2 (Two) fully paid-up equity share of a ₹10/- each held, subject to the approval by the shareholders and any other regulatory approvals. Now we wish to the inform you that, pursuant to the Regulation 42 of the SEBI Listing Regulations, 2015, the Company has been fixed Monday, October 03, 2022 as the 'Record Date' for the purpose of a determining the members, eligible for the issue of a bonus equity shares of the Company."

For the quarter ended June in a 2022, the company recorded a promoter holding of a 72.16%, FIIs holdings of  a 6.66%, DIIs holdings of a 10.98% and public shareholdings of a 10.20%. The shareholdings of the promoter and a Foreign Institutional Investors are a (FIIs) were at their highest level since September in a 2019. The shares of a Insecticides India Ltd closed on a Friday at a ₹985.05 apiece, down by 1.00% from the previous close of a ₹995. In the last 1 year, the stock has been a gained 39.00% and on a YTD basis, the stock has been a gained 37.17% so far in a 2022. When compared to its competitors, such as a Astec Lifesciences Ltd, Rallis India, Bharat Rasayan, Sumitomo Chemical India Ltd, and a PI Industries, the stock is a undervalued with a P/B ratio of a 2.23 and a P/E ratio of a 17.57.