Buy Bayer Cropscience, target price Rs 6500: Anand Rathi

Anand Rathi has buy call on Bayer Cropscience with a target price of Rs 6500. The current market price of Bayer Cropscience is Rs 5513.85 .

Bayer Cropscience Ltd., incorporated in the year 1958, is a Mid Cap company (having a market cap of Rs 24951.18 Crore) operating in Pesticides/Agro Chemicals sector.

Bayer Cropscience Ltd. key Products/Revenue Segments include Insecticides, Pesticides, Herbicides, Weedicides & Fungicides, Other Operating Revenue, Scrap and Royalty Income for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2023, the company reported a Standalone Total Income of Rs 1633.30 Crore, down -7.21 % from last quarter Total Income of Rs 1760.30 Crore and up 11.43 % from last year same quarter Total Income of Rs 1465.70 Crore. Company has reported net profit after tax of Rs 222.90 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 71.43 per cent stake in the company as of 30-Sep-2023, while FIIs owned 3.3 per cent, DIIs 13.21 per cent.