Godrej Agrovet: Why analysts are bullish despite 13% fall since listing

Godrej Agrovet is the market leader in the domestic plant growth regulators (PGR) segment and one of the leading players in the cotton herbicide segment.

Crop protection and palm oil businesses that together contributed around 30 per cent to the overall revenue in 2018, along with recently-announced government measures such as Income support scheme and setting-up of Rashtriya Kamdhenu Aayog are expected to drive the growth of agri-business company Godrej Agrovet.

The company, which debuted at the bourses on October 16, 2017, is a pan-India diversified agri-business firm that offers its products and services across five different business verticals, viz, crop protection business, palm oil, animal feed, dairy and processed foods.

Although the shares of the company have remained muted till date with the price