Coromandel International, PI Industries may be some of the beneficiaries
The management said the outlook for H2FY20 continues to be healthy on account of sustained introduction of high-potential brands targeting a variety of crops and regions.
Firm added to its growth pipeline by acquiring Isagro last week
The uptick in the global agricultural cycle will sustain the growth momentum in the CSM segment
Growth could pick up in FY19 on recovery in exports, new product launches
But, near-term global agrochemical demand expected to be soft, with recovery towards end of the year
But near-term global agrochemical demand is expected to be soft with recovery towards end of FY18
The stock surged 7% to Rs 640 after reported 58% YoY growth in net profit at Rs 95 crore in Q4FY16