In the last one year, there are many companies which are making investors rich. One of these companies is Sharda Cropchem. The stock of this company is growing very fast. The brokerage estimates that Sharda Cropchem’s stock will rise further. The brokerage analysts recently met RV Bubna, Chairman and MD, Sharda Cropchem, to get an outlook on the growth of the business.
Edelweiss said, “In the COVID-19 outlook, all countries have focused on meeting the food security of the nation. The recent Ukraine-Russia war has further increased crop prices. Increase in global crop prices A good sign for farmers’ income, which in turn will help the agrochemical companies to meet the strong demand of the farmer fraternity.”
What will be the stock price: Currently, the stock price of Sharda Cropchem is rising by Rs 628.80 or 1.67 percent. Brokerage house Edelweiss has given Buy rating to Multibagger stock. Its target price has been kept at Rs 916.
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In the current context, the share price has increased to Rs 287. The stock has gained over 117 per cent in a span of one year. This year there has been an increase of about 76 percent. Talking about the market capital, it is Rs 5,673.06 crore.