Monsanto India gains on parent's bullish outlook

Monsanto India shares up 5% after earlier hitting a record high at RS 2,414 after parent Monsanto Co , the world's largest seed company, beat quarterly forecasts, improved its near-term outlook and said it planned to double earnings over the next five years.

The parent also announced authorization of a Rs 600 crores share repurchase and cited strong progress on a new farm data business platform.

Monsanto Co owns 72.14% in its Indian arm, BSE data shows.