Godrej Agrovet Ltd. reported better than expected results driven by higher than anticipated margins in animal feed (@7.1% versus our estimate of 4.9%) and crop protection (@20.3% versus our estimate of 18.6%) segment.
Godrej Agrovet
Godrej Agrovet Gains On Unit Merger Plans – GSR
Shares of the agribusiness company rose as much as 2.9 percent to Rs 594.35.
The company mulls to merge its subsidiary Astec LifeSciences with self on Sept. 14. The company holds a 57.4 percent stake in Astec Lifesciences, as reported to the exchanges.