HSBC says Kaveri, PI top picks in India's agri sector

Mon Jul 21, 2014 2:15pm IST

Related Topics

Stocks

   

Reuters Market Eye - HSBC initiates coverage of Indian agricultural sector with "overweight" ratings for seed supplier Kaveri Seed Company (KVRI.NS) and agrochemical firm PI Industries Ltd (PIIL.NS) citing their "growth profiles, favourable sector trends and attractive valuations."

HSBC says projections for India's food demand could see agricultural yields improving by 1.7 percent annually, making companies in this segment "stronger gainers in coming years."

The investment bank also initiates UPL limited (UPLL.NS) with an "overweight" rating, calling the company "India's only genuine play on global crop protection."

But HSBC initiates Rallis India Ltd (RALL.NS) with a "netural" rating, saying a recent rally has made valuations rich.

(Reporting by Dipika Lalwani)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Drug Pricing

REUTERS SHOWCASE

Modi Speaks

Modi Speaks

PM Modi says al Qaeda will fail in India - CNN.  Full Article 

Alibaba Listing

Alibaba Listing

Alibaba surges on massive demand in trading debut  Full Article 

Importing Rice

Importing Rice

Top rice exporter India importing over 100,000 T on temporary supply squeeze.  Full Article 

GSK Fined

GSK Fined

China hands drugmaker GSK record $489 mln fine, sentences executives.  Full Article 

HMT in Demand

HMT in Demand

Fans rush to HMT as watchmaker marks time.  Full Article 

Apple Not Cool?

Apple Not Cool?

Some consumers say Apple is losing its "cool" factor  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage