India Pesticides' listing puts spotlight on agro-chem stocks. Time to buy?

Analysts at Sharekhan expect high double-digit earnings growth for agri input companies over the next couple of years

The equity shares of India Pesticides listed on the bourses on Monday at Rs 360, a premium of 22 per cent over the issue price on the BSE, given healthy demand for its initial public offer and its presence in the fast-growing agrochemical space. READ HERE

The stellar listing's rub-off effect was visible on other fertiliser stocks as well. Shares of Basant Agro Tech, Zuari Agro Chemicals, Nagarjuna Fertilisers and Chemicals, Rama Phosphates, and Shiva Global Agro Industries were ruling higher in the range of 5 per cent and 14 per cent on the BSE at 12:50