Time period given by analyst is Intra Day when Godrej Agrovet Ltd. price can reach defined target.
Godrej Agrovet Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 12880.97 Crore) operating in Agriculture/Horticulture/Livestock sector.
Godrej Agrovet key Products/Revenue Segments include Animal Feed, Oil Vegetable, Crop Protection, Other Operating Revenue, Others for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 2003.21 Crore, up 36.05 % from last quarter Total Income of Rs 1472.39 Crore and up 28.21 % from last year same quarter Total Income of Rs 1562.43 Crore. Company reported net profit after tax of Rs 93.42 Crore in latest quarter.
Investment Rationale
After losing 20% from the prior month’s peak, the stock found renewed buying interest near the support zone. Recovery in the recent past with sustenance above Rs 640 zone could mean resumption of the uptrend.
Promoter/FII Holdings
Promoters held 71.7 per cent stake in the company as of June 30, 2020, while FIIs held 2.8 per cent, DIIs 1.3 per cent and public and others 24.2 per cent.
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