Best Agrolife stock slips 4% amid IT searches

The Income Tax Department has put Best Agrolife primarily for stock manipulation and money laundering.

The Income Tax department has put the Best Agrolife under scanner. It is primarily looking for evidence of stock manipulation and money laundering instances.

In the wake of such searches, the stock price of Best Agrolife has fallen by as much as 4%. At the time of writing this article, it was trading at ₹1,074,70.

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Best Agrolife Ltd., an organisation founded in 1992, has been providing specialised products to the Indian agrochemical market and other markets since then. Best Agrolife Ltd., a research-driven company, aspires to provide our farmers with top-notch, cutting-edge solutions for crop protection and food safety as well as to serve the global community through agriculture.

The Best Agrolife Limited team develops effective agro solutions for the clients by carefully observing the market, closely monitoring the on-field trends, understanding their requirements, and exceeding their expectations. The team has a wide range of product offerings, starting from Technicals, Intermediates & novel Formulations in the form of Insecticides, Herbicides, Fungicides, Plant-Growth Regulators, and Public Health Products. Our products are well-researched, reasonably priced, readily available throughout India, and their reach is growing internationally.