GODREJ AGROVET: Palm oil biz on strong footing for FY21 aided by higher volume and realization
(GOAGRO IN, Mkt Cap USD1.3b, CMP INR486, TP INR584, 20% Upside, Buy)
Indonesia and Malaysia - that account for ~86% of the world's palm oil production - are planning to increase the usage of palm oil for the production of biodiesel. This should eventually lead to palm oil prices increasing as palm oil supply for food and other usages would decrease. In this note, we highlight the event and its impact on GOAGRO.
Godrej Agrovet Ltd is an India-based agribusiness company. The Company engages in animal feed, oil palm plantations, agrochemicals, poultry. It focuses to improving the productivity of Indian farmers by products and services that increase crop and livestock yields. The Company offers Dripzyme, a technique of drip irrigation. Dripzyme helps in growth of additional branches, flower and fruit buds. The Company helps in creating a root system giving plants greater access to nutrients and water in the soil thereby enhancing the nutritional value of the yield. The Company operates crop protection, godrej tyson foods, aci godrej agrovet, creamline dairy products and astec lifesciences.
Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.
Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.
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