Shares of the agribusiness company rose as much as 2.9 percent to Rs 594.35.
The company mulls to merge its subsidiary Astec LifeSciences with self on Sept. 14. The company holds a 57.4 percent stake in Astec Lifesciences, as reported to the exchanges.
Trading volume was 6.7 times its 30-day average, according to Bloomberg data. The stock has returned 1.8 percent so far this year, compared to a 11.2 percent advance in the Sensex.
