UPL , Coromandel International and Dhanuka Agritech remains top buy for Edelweiss in Agri Space
Edelweiss highlights that despite last year’s high base, agri-inputs companies sustained the growth momentum during Q3 FY21; Edelweiss coverage universe thereof delivered 7% YoY growth. Greater crop sowing (up 3% YoY) as well as improvement in farmers’ liquidity position (higher procurement by government) kept agri input consumption robust.
Edelweiss believe the agri-inputs industry is poised to keep growing over ensuing quarters. UPL, Coromandel international and Dhanuka Agritech remain Edelweiss top sector pick: Reuters