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| Summary | Date | Stock | Broker | Price at Reco. | Target | Price at reco Change since reco(%) | Upside(%) | Type | Report | Discuss |
|---|---|---|---|---|---|---|---|---|---|---|
| 2016-06-10 | Monsanto India Ltd. + | Motilal Oswal | 2386.95 | 2900.00 | 2386.95 (-6.46%) | Target met | Buy | Monsanto India: Strong beat on estimates ; Stage set for a robust FY
Motilal Oswal
Results above estimates led by strong growth in corn: Revenues grew 29% YoY to INR869m (estimate INR688m) due to robust ~39% growth in the corn business, while glyphosate (which forms ~20% of revenues) came in flat....
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| 2016-02-15 | Monsanto India Ltd. + | Motilal Oswal | 1981.85 | 2350.00 | 1981.85 (12.65%) | Target met | Buy | Monsanto India - Results above estimates; FY17 to see rebound led by
Motilal Oswal
Results above estimates led by strong growth in corn: Revenue grew 14.8% YoY to INR1.5b (est. INR1.4b) due to strong growth in corn business where volumes grew in double digits (led by double digit acreages growth in rabi)...
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| 2015-11-03 | Monsanto India Ltd. + | Phillip Capital | 2235.45 | 4000.00 | 2235.45 (-0.13%) | Buy | ||||
| 2015-08-05 | Monsanto India Ltd. + | Phillip Capital | 3261.90 | 4400.00 | 3261.90 (-31.55%) | Buy | Monsanto 5Aug2015
Phillip Capital
Q1FY16 earnings disappoint: Monsanto India disappointed ourmuted profit expectations (10% miss onPAT).Asteepfallinglyphosateprices(25%yoy;glyphosatewas38%/25%ofrevenues/earningsin FY15)andashortmaizecropseasonledtotheoverall1%yoydropinrevenuestoRs2.63bn(inline)....
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| 2015-03-09 | Monsanto India Ltd. + | Nirmal Bang Institutional | 3108.05 | 3108.05 (-28.17%) | Monsanto India- Management Meet Update
Nirmal Bang Institutional
We had a meeting with Mr. Alim Sayed, chief financial officer (CFO) of Monsanto India NOT RATED (MIL) recently to get an update on current business dynamics as well as future growth drivers. US-based Monsanto operates in India through its three entities: a) Monsanto Sector: Agrochemicals India (MIL) the only public listed entity outside the US focused on corn (Dekalb - India's largest-selling hybrid corn seed brand and agrochemical Roundup - largest-selling CMP: Rs3,284 glyphosate herbicide in India and overseas), b) Mahyco-Monsanto Biotech (MMB) - a 50:50 joint venture between Mahyco and Monsanto Holdings sub-licensed to distribute Jignesh Kamani, CFA Bollgard technology (BT) for cotton in India, and c) Monsanto Holdings (MH). We do not jignesh.kamani@nirmalbang.com...
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