Rallis India - AGM Update - Nirmal Bang

We attended the Annual General Meeting (AGM) held by Rallis India yesterday. The company is targeting Balanced Growth by emphsasing on its Non Pesticide Portfolio (NPP) which is expected to go as high as 40% in next 4-5 years from current 10%. Though the monsoon season has started well however, key point to watch would be agricultural rainfall, which is affected by many factors like timing, spread, quantity (more rains can be harmful for certain crops) etc., determine the yield of the crops. Having said that, the company is expecting good season after last two dry seasons.

At CMP the stock looks attractive.

Source : Equity Bulls

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