Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Fund Managers Meet Update
|
Rallis India
Reco: HOLD
CMP: Rs 123
Target Price: Rs 120
Domestic growth under pressure, maintain HOLD
Key highlights from Rallis Fund managers’ meet -
· Domestic business was negatively impacted in Q3 due to erratic nature of North Eastern monsoon. Agri-input consumption was also impacted due to pressure on farmer profitability
· FX loss of Rs 82mn related to the MTM loss on exchange rate fluctuations on import of raw materials.
· Dahej plant remains on track and achieved 75% capacity utilization during Q3. While growth in Q3 was led by exports, domestic business is under pressure
· Management sounded cautious on rabi outlook and future expectations are built from a favorable monsoon. We maintain HOLD with target price of Rs 120
|
No comments:
Post a Comment