Buzzing stock : Monsanto up by almost 18 percent
DSIJ Intelligence / 12 May 2016
Monsanto delivers agricultural products and has been reeling under pressure. On YTD basis the stock is down by almost 7 percent; whereas the BSE Small Cap index is down by only 6 percent.
The Meteorology Department has said that Maharashtra can expect 27 percent more rainfall than its annual average; and highlighted that the state will witness heavy rains in the month of July and August.
Monsanto India , a sustainable agriculture company ,is already reacting to the news and is up by almost 18 per cent on Thursday on an intraday basis. The stock has been up by almost 37 percent if one considers 1 week's time frame.
Monsanto delivers agricultural products and has been reeling under pressure. On YTD basis the stock is down by almost 7 percent; whereas the BSE Small Cap index is down by only 6 percent. If considered for 1 year time frame the stock is down by almost 20 percent.
At 2,400 plus price levels the stock has managed to trade above its 200 day SDMA (Simple Daily Moving Average), suggestive of bullishness in the stock. Monsanto with a market cap of 4140 crores is trading at a P/E ratio of 60 levels.
Broader market is trading firm on Thursday with Sensex gaining almost 150 points.
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