Deepak Nitrite, manufacturer of industrial chemicals, witnessed a rise in share price on Wednesday after the company has bagged an annual contract of sizeable amount for the year 2016 for supply of a major agro intermediate to Bayer Crop Science.

The company's  fine and speciality business strengthens by foraying into pharma intermediates.

Besides agro intermediates, using its strong R & D base, the company has started offering three new drug intermediates for anti-biotics and decongestant therapeutic segments.

Shares of Deepak Nitrite are trading at Rs 66.85, up Rs 4.05, or 6.21% at the Bombay Stock Exchange (BSE) on Wednesday at 10:57 a.m.