Recommendations from Pesticides & Miscellaneous Sectors
The scrips in this column have been recommended with a 15-day investment horizon in mind and carry high risk. Therefore, investors are advised to take into account their risk appetite before investing, as fundamentals may or may not back the recommendations.
BAYER CROPSCIENCE LIMITED
CMP - Rs 4,499.95
BSE CODE - 506285
Volume -30,910
Face Value - Rs 10
Target - Rs 4,860
Stoploss - Rs 4,200 (CLS)
Bayer CropScience Limited is engaged in the manufacturing of insecticides, rodenticides, fungicides and herbicides. The company operates primarily through the agriculture- care segment. It offers crop solutions for various crops such as cotton, fruits, millet, mustard, pulses, rice, soybeans, sugar cane, vegetables and wheat. On a standalone quarterly front, its net sales were reported at Rs 854.00 crore in Q3FY20, increasing by 10.18 per cent from Rs 775.10 crore reported in the same period for the previous fiscal year. In Q3FY20, the company reported operating profit of Rs 179.70 crore, which grew substantially by 81.88 per cent from Rs 98.80 crore in Q3FY19. Net profit too saw impressive growth of 118.54 per cent, coming in at Rs 137.90 crore in Q3FY20 as compared to Rs 63.10 crore in the corresponding period for the previous fiscal year. Considering the company’s strong financial quarterly performance and growth potential, we recommend a BUY.
INDIAMART INTERMESH LIMITED
CMP - Rs 2,360.60
BSE CODE -542726
Volume -2,863
Face Value -Rs 10
Target - Rs 2,580
Stoploss -Rs 2,150 (CLS)
IndiaMART InterMESH Ltd. is an India-based online marketplace which connects buyers with suppliers and focuses on providing a platform to small and medium enterprises (SMEs), large enterprises as well as individuals. For Q3FY20, net sales reported by the company amounted to Rs 164.90 crore which have grown by 23.43 per cent compared to the revenue of Rs 133.60 crore for Q3FY19. The PBDT increased by 45.97 per cent to Rs 59.70 crore in Q3FY20 as against Rs 40.90 crore for Q3FY19. Compared to the net profit of Rs 62.70 crore in Q3FY20, it is 126.35 per cent more as compared to Rs 27.72 crore for Q3FY19. The company has reported a strong financial performance for the quarter and is poised for better future growth. Hence, we recommend a BUY.
(Closing price as of May 05, 2020)