Ranganathan told CNBC-TV18, "Kaveri Seed can easily double from here. It is too early to give any price targets because the company is in the early stage of growth. But when you consider the fact that the progression from being a south centric player restricted to one kharif crop, they have actually made the transition towards becoming a Pan India player across both the cropping seasons and across all categories of hybrid seeds, makes us very confident of the company going forward."
The share closed at Rs 231.25, up Rs 2.60, or 1.14%. Its marketcap was Rs 316.86 crore. The stock was 100.13% above the 52-week low of Rs 115.55.
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