Kaveri Seed hits 52-week high
Shares in Kaveri Seed hit a 52-week high of Rs 470.05 in early trade on back of strong volume growth and early arrival of rains has boosted demand.
By ET Online |
NEW DELHI: Shares in Kaveri Seed hit a 52-week high of Rs 470.05 in early trade on back of strong volume growth and early arrival of rains has boosted demand.
"The company is confident of maintaining a CAGR of 20-25% for the next 2-3 years", says C Mithun Chand, ED, Kaveri Seeds. "The company is betting more on volume growth rather than any price hike to support growth", adds Chand.
Kaveri Seed has 40 certified hybrid seeds and 9 seed processing plants. Company's key product segment includes Maize, Sunflower and BT Cotton.
Cotton seed demand has swelled with early arrival of the rains and nearly 80% of the cotton seeds are already sold. The total revenue contribution of the sector in company's balance sheet is nearly 40-50%.
At 11:45 am, shares in Kaveri Seed Company Ltd were trading nearly 1 pct higher at Rs 462.00. For the year the company has given a return of our 10% ti its shareholders.
"The company is confident of maintaining a CAGR of 20-25% for the next 2-3 years", says C Mithun Chand, ED, Kaveri Seeds. "The company is betting more on volume growth rather than any price hike to support growth", adds Chand.
Kaveri Seed has 40 certified hybrid seeds and 9 seed processing plants. Company's key product segment includes Maize, Sunflower and BT Cotton.
Cotton seed demand has swelled with early arrival of the rains and nearly 80% of the cotton seeds are already sold. The total revenue contribution of the sector in company's balance sheet is nearly 40-50%.
At 11:45 am, shares in Kaveri Seed Company Ltd were trading nearly 1 pct higher at Rs 462.00. For the year the company has given a return of our 10% ti its shareholders.
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