Rallis India has target of Rs 190, says Ashish Kapur, CEO of Investshoppe.
Kapur told CNBC-TV18, "Rallis India is a leading manufacturer of pesticides, herbicides and seeds. It has done very well in the last quarter and surprised the market with its performance both on topline as well as bottomline. We expect performance to continue on two positive triggers; one is the new capacity at Dahej, which has come into operation in June this year also in December last year, they took over a company in US in manufacturing seeds. So the integration of this new business along with the new capacity will ensure momentum. The stock still has a lot of scope to go higher however for the day we have a target is Rs 190 on this stock."
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