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Kaveri Seed hits 52-week high, surges 58% in 13 days on strong Q4 results

The company reported Ebitda of Rs 18.31 crore in Q4FY20, as against loss of Rs 2.79 crore in Q4FY19

Agri input firms' short-term margins to remain under pressure on price cut

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With minimal impact of Covid-19 expected on agriculture sector, overall outlook for seed business remains positive, the management said

SI Reporter Mumbai

2 min read Last Updated : Jun 17 2020 | 9:56 AM IST

Shares of Kaveri Seed Company continued their northward movement, gaining 4.5 per cent, to quote at Rs 630 on the BSE on Wednesday in an otherwise weak market. The stock of the agriculture products company was trading at its 52-week high level after ralling over 50 per cent thus far in the month of June.

In the first 13 trading sessions of this month, Kaveri Seed Company has surged 58 per cent after it reported a strong operational performance for the quarter ended March 2020 (Q4FY20).

The company reported Ebitda (earnings before interest, taxes, depreciation, and amortisation) of Rs 18.31 crore in

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