Sunidhi Securities & Finance has recommended a buy rating on Nagarjuna Agrichem with a target price of Rs 180 in its September 3, 2009 research report.
"The crop segment that NACL is targeting, is its key crop segment- rice, cotton and in the tea plantation. The shortage of capacities facing western agrochemical companies due to the increase in demand across the entire product chain, particularly herbicides and select agri intermediates. NACL with its expanded facilities is poised to capitalize on these opportunities. Barring unforeseen development, NAL expects the size of the domestic market to increase in a steady manner. Biotechnology will continue to play a greater role in the farming sector in the future. NAL has full fledged R & D facility in this regard. We recommend BUY with a target price of Rs 180 in the medium term," says Sunidhi Securities & Finance's research report.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
To read the full report click on the attachment......
