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kaveri seed share price: Buy Kaveri Seed Company, target price Rs 830: Motilal Oswal

Motilal Oswal has buy call on Kaveri Seed Company with a target price of Rs 830. The current market price of Kaveri Seed Company Ltd. is Rs 710.05. Time period given by analyst is one year when Kaveri Seed Company price can reach defined target. Financials For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 68.48 Crore, down -45.69 % from last quarter Total Income of Rs 126.10 Crore and down -27.22 % from last year same quarter Total Income of Rs 94.10 Crore. Company reported net profit after tax of Rs -17.77 Crore in latest quarter. KSCL is on track to diversify from sales of cotton seeds by increasing the share of rice and vegetables (contribution of non-cotton seed sales to overall sales has increased to 58% in FY21 v/s 52% in FY20), which are growing at a faster pace and yielding a higher margin (v/s the Cotton segment)

Kaveri Seed Company Ltd Q4FY21 consolidated loss at Rs 17 36 crore

Kaveri Seed Company Ltd Q4FY21 consolidated loss at Rs 17 36 crore
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Asia Pacific Rice Seeds Market Set to Surge Significantly during 2021-2028| Business Market Insights – KSU

FMCG stocks slide

FMCG stocks were trading with losses, with the S&P BSE FMCG Sector index decreasing 62.89 points or 0.49% at 12879.37 at 13:49 IST. Among the components of the S&P BSE FMCG Sector index, Balrampur Chini Mills Ltd (down 2.64%), Gujarat Ambuja Exports Ltd (down 2.06%),KRBL Ltd (down 1.85%),Britannia Industries Ltd (down 1.76%),Kaveri Seed Company Ltd (down 1.48%), were the top losers. Among the other losers were Dhampur Sugar Mills Ltd (down 1.45%), Godrej Consumer Products Ltd (down 1.04%), Hindustan Unilever Ltd (down 1.03%), Tasty Bite Eatables Ltd (down 0.97%), and Waterbase Ltd (down 0.89%). On the other hand, CCL Products (India) Ltd (up 5.46%), Heritage Foods Ltd (up 5%), and Hindustan Foods Ltd (up 5%) turned up.

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