Long term Investment Idea | Sharda Crop | 100% Upside Potential

20 Mar 2024

Long term Investment Idea | SHARDACROP | 100% Upside Potential

✅ Sharda Cropchem CMP - Rs 333

✅ Promoter holding 74.8 %

✅ Company is almost debt free.

✅ Good sales growth over 3-5 years.

✅ Company has good capex and global presence

The negative profit growth observed in companies like UPL, MOL, and Deepak Fertilizers suggests a broader sectoral trend, as similar trends in sales and OPM are evident across all agrochemical stocks.

Valuation is attractive and good to buy/accumulate for Mid to Long term gain from CMP

✅ Add more at Rs 320-300.

The sector is out of flavour and can provide a good contra bet. If good monsoon can further help in earnings.

Targets as per chart drawings.

Thanks

3 Nis 2024

İşlem kapandı: hedefe ulaştı

Target 1 Achieved