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Bayer: Investors must wait for a better entry point for significant gains

The sharp rerating of the sector and the company has taken valuations into expensive zone

farmers, agriculture, produce, products, grains, apmc, market, msp, godown, cold storage, farming, farmers
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In addition to the higher minimum support prices for the rabi crop, steps taken to improve procurement should help in the upcoming kharif season as well

Ram Prasad Sahu Mumbai
The Bayer CropScience stock is up about 10 per cent over the past week after the company tied up with ITC’s agri-business division. The tie-up will help Bayer expand the reach of its crop protection products through ITC’s e-Choupal 4.0 platform, offer advisory services, and mitigate the disruption caused by the Covid-19 pandemic. 

Growth is expected to be strong on the back of an uptick in demand, led by a normal monsoon and the benefits from the merger with Monsanto. In addition to the higher minimum support prices for rabi crop, steps taken to improve procurement should help in the upcoming

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First Published: Jun 23 2020 | 6:58 PM IST

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