Godrej Agrovet Ltd (GODREJAGRO)

Godrej Agrovet Expected to Benefit from National Mission on Edible Oils and Pradhan Mantri Matsya Sampada Yojana - 23 Jul, 2024

Godrej Agrovet, involved in animal feed, vegetable oil, crop protection products, dairy, and poultry, is expected to benefit from the National Mission on Edible Oils - Oil Palms (NMEO-OP) and Pradhan Mantri Matsya Sampada Yojana. These initiatives are likely to impact the earnings of the vegetable oils and fish feed businesses respectively.

Godrej Agrovet Promoter Group Completes Realignment - 20 Jul, 2024

The promoter group and promoters of Godrej Agrovet have completed the realignment pursuant to the Family Settlement Agreement dated April 30, 2024.

Godrej Agrovet Promoter Group Completes Realignment - 19 Jul, 2024

The promoter group and promoters of Godrej Agrovet have completed the realignment pursuant to the Family Settlement Agreement dated April 30, 2024.

RKN Enterprises Sells Stake in Godrej Agrovet and Properties - 12 Jul, 2024

Rishad Naoroji-owned RKN Enterprises has sold a 2.16% stake in Godrej Agrovet for ₹333 crore and a 1.43% stake in Godrej Properties for ₹1,321 crore through open market transactions. Freyan Crishna Bieri, Jamshyd Naoroji Godrej, Navroze Jamshyd Godrej, Nyrika Holkar, and Smita Godrej Crishna were the buyers in both companies.

Godrej Agrovet Ltd's Promoter Entity Sells Stakes Worth Rs 1,983 Crore - 11 Jul, 2024

Promoter entity RKN Enterprises, owned by Adi Godrej's cousin Rishad Naoroji, sold its entire stake in Godrej Agrovet Ltd., amounting to Rs 331 crore, while also divesting its stakes in Godrej Properties and Godrej Agrovet for Rs 1,652 crore.

Godrej Agrovet Plans to Expand Oil Palm Cultivation - 08 Jul, 2024

Godrej Agrovet is looking to attract farmers back to oil palm cultivation in Tamil Nadu and plans to increase its current 70,000 hectares under oil palm cultivation to around one lakh hectares by 2026-27.

Godrej Agrovet Promoters to Acquire 2.16% Stake - 05 Jul, 2024

Promoter group members of Godrej Agrovet intend to acquire a 2.16% stake in the company through a block deal. The agribusiness firm posted a three-fold jump in consolidated net profit at Rs 65.48 crore in Q4 FY23 and a 22% increase in full-year consolidated net profit at Rs 359.45 crore.

Godrej Agrovet Stock Soars Over 12% to Hit All-Time High - 02 Jul, 2024

Shares of Godrej Agrovet rose by over 12% on July 2, 2024, hitting an all-time high of Rs 842.40. The stock has risen by 57% in just one month, driven by the company's diversified agri-business operations and strong performance in animal feed, nutrition products, dairy cattle, broiler chicken, layer chicken, aquaculture sectors, and palm oil production.

Godrej Agrovet Shares Surge 27% in a Month - 29 Jun, 2024

Shares of Godrej Agrovet have gained 27% in the last month, bringing the annual gain to 49%. The company is expected to deliver solid growth and outperform the market with an anticipated EPS climb of 25% per year for the next three years.

Kotak Recommends Buying Godrej Agrovet Stock - 24 Jun, 2024

Kotak Institutional Equities has recommended buying shares of Godrej Agrovet Ltd, citing cost-cutting measures and turnaround efforts that have led to attractive valuations. The broking firm suggested a fair value of Rs 740 on the stock, indicating a 20% potential upside from current levels.