Business
Agrochem stocks surge on strong Q3, trade deal
Mumbai: Shares of agrochemical and animal-feed makers rallied on Thursday after strong third-quarter earnings from several companies lifted sentiment, while reduced US tariffs improved the near-term outlook.
Avanti Feeds surged 20%, hitting the maximum tradable limit of the day. Godrej Agrovet rose 6.5%, and Mukka Protein gained 3.5%. Among agrochemical stocks, Sharda Cropchem jumped 9.6%, while Sikko Industries, Aristo Bio-Tech and Lifescience advanced 6.1% and 5%, respectively.
“There was uncertainty earlier, which is out now since there is clarity on tariffs, and most of these companies have reported a better set of earnings on a lower base, which the investors are rewarding,” said Anita Gandhi, institutional head, Arihant Capital.