In India, seeds is a faster growing industry than crop chemicals. In India, the seeds industry is growing at 15% and agro chemicals in single-digits.
Over the years, it gradually expanded in India -its second line of business -supplying speciality sauces and frozen foods to several hotels and QSRs.
Good rains to also boost sales; fans & lights makers likely to post 36% and 76% growth, respectively, from FY15 to FY20, said Crisil.
Deutsche Bank is of the view that the current sequence of events is similar to what Bharti faced during the launch of Reliance Communications (RCom) in 2003.
According to sources, few buyers have shown interest and the promoter is demanding a slightly higher price. This may be a negotiation tactic.
An expected turnaround in its retail business will be an additional trigger for the stock which has given 80% returns in the last one year.
Merger is seen as more beneficial to Vedanta, and this along with a rebound in commodity prices is expected to help co improve performance in FY17.
Increased capacities will help in improving return on equity to 15.5% as against around 8-12% returns that can be generated from treasury operations.
Shares of BF Utilities surged a mammoth 13,480 per cent in two years from Rs 25 in November 2004 to an all-time high of Rs 3,395 in November 2006.
UltraTech Cement stock has fallen by 2.8% in the past 5 trading sessions compared with the 12.5% drop in Grasim post its merger announcement with AB Nuvo.
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