On Wednesday, the shares of Insectidies (IIL) hits a 52-week high of Rs 937 on gaining 3 per cent on the Bombay Stock Exchange.

The S&P BSE Sensex was down 0.45 per cent at 53,644 points.

The company’s stock has inched towards agrochemicals, and its all-time high level of Rs 966 hit September 14, 2017.

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IIL provides farmers with a range of products for their crop protection requirements.

Last week, the government granted the company a patent for an invention titled Novel Fungicidal Carbamate Compounds for 20 years from January 29, 2018, it said.