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Godrej Agrovet: Good prospects, but investors should look at stock on dips

Valuation, however, limits upside in the near term

Topics
Godrej Agrovet | Markets | Coronavirus

Ram Prasad Sahu 



markets, stocks, growth
In the crop protection business, the company has posted revenue growth of 22 per cent over the FY16-20 period on the back of steady organic growth

The rally in agri-related stocks has helped gain over 31 per cent since May 20. The gains were led by expectations of growth across segments, margin improvement, and earnings recovery in financial year 2020-21 (FY21). The company had posted muted numbers in the March quarter because of Covid-19, which dented the top line and profitability.

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First Published: Thu, July 09 2020. 19:13 IST

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