India, Nov. 2 -- The Mumbai-based pharmaceutical and crop protection manufacturer has secured a long-term supply arrangement that grew out of nearly three years of joint development work. The agreement targets worldwide markets and could shape how its Crop Protection division performs in coming years, even as the latest quarterly numbers remain under pressure.

The Nifty 50 traded at 23,300 up 1.07%, while the Sensex rose by 1.14% to 75,303 on Monday. Following this, Shares of Hikal Ltd are trading at Rs. 217.78, up 2.94 percent on Monday. The stock touched the intraday high of Rs. 218.80 after opening at Rs. 213.88 before slipping to a low of Rs. 207.00. The company commands a market capitalization of Rs. 2,685.24 crore.

Hikal Bags Lon...