Buy Rallis India, target price Rs 350: Anand Rathi
Time period given by analyst is one year when Rallis India Ltd. price can reach defined target.
By ETMarkets.com | Updated:
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Anand Rathi has buy call on Rallis India Ltd. with a target price of Rs 350. The current market price of Rallis India Ltd. is Rs 272.1. Time period given by analyst is one year when Rallis India Ltd. price can reach defined target.
Investment Rationale
The brokerage maintains Buy rating with an unchanged TP of Rs350, valuing the stock at 25x FY24e earnings. Risks: Failure to diversify to a non-kharif range of seeds, greater use of illegal herbicide-tolerant cotton seeds, monsoon dependence, delay in launching products and slowdown in R&D.
Promoter/FII Holdings
Promoters held 150.27 per cent stake in the company as of 31-Dec-2021, while FIIs owned 18.09 per cent, DIIs 49.2 per cent.
Investment Rationale
The brokerage maintains Buy rating with an unchanged TP of Rs350, valuing the stock at 25x FY24e earnings. Risks: Failure to diversify to a non-kharif range of seeds, greater use of illegal herbicide-tolerant cotton seeds, monsoon dependence, delay in launching products and slowdown in R&D.
Promoter/FII Holdings
Promoters held 150.27 per cent stake in the company as of 31-Dec-2021, while FIIs owned 18.09 per cent, DIIs 49.2 per cent.
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