More

    Agrochem stocks surge on strong Q3, trade deal



    [

    Mumbai: Shares of agrochemical and animal-feed makers rallied on Thursday after strong third-quarter earnings from several companies lifted sentiment, while reduced US tariffs improved the near-term outlook.

    Avanti Feeds surged 20%, hitting the maximum tradable limit of the day. Godrej Agrovet rose 6.5%, and Mukka Protein gained 3.5%. Among agrochemical stocks, Sharda Cropchem jumped 9.6%, while Sikko Industries, Aristo Bio-Tech and Lifescience advanced 6.1% and 5%, respectively.

    “There was uncertainty earlier, which is out now since there is clarity on tariffs, and most of these companies have reported a better set of earnings on a lower base, which the investors are rewarding,” said Anita Gandhi, institutional head, Arihant Capital.

    https://img.etimg.com/thumb/msid-128281475,width-1200,height-630,imgsize-57988,overlay-etmarkets/articleshow.jpg
    https://economictimes.indiatimes.com/markets/stocks/news/agrochem-stocks-surge-on-strong-q3-trade-deal/articleshow/128281488.cms

    Latest articles

    spot_imgspot_img

    Related articles

    Leave a reply

    Please enter your comment!
    Please enter your name here

    spot_imgspot_img