Agrochemical Stock Soars: Brokerage recommends 'BUY NOW' for gains
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Significant Surge in Agrochemical Stock
Sharda Cropchem, an agrochemical stock, is experiencing a significant surge on Thursday, March 20th. The share is trading at ₹559.70, up by 4.42% in early trading.
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What Does Sharda Cropchem Do?
Agrochemical company Sharda Cropchem supplies products to 80 countries, including India, Europe, North America, and Latin America. It has over 525 distributors globally.
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Sharda Cropchem Share Performance
The share has corrected due to the slowdown in the global agrochemical cycle in the past few quarters. It is currently trading about 40% below its high level.
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Sharda Cropchem Share Price Target
Brokerage firm Antique Stock Broking is bullish on Sharda Cropchem shares and advises investing. The target price for this share is ₹870, about 60% higher than the current price.
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Sharda Cropchem Share High/Low
Sharda Cropchem's share hit a high of ₹886 in December 2024. However, it has been correcting since then. It hit a low of ₹480 in February 2025.
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Why Invest in Sharda Cropchem Share?
According to the brokerage report, Sharda Cropchem has shown a strong rebound in the 9 months of FY25, due to improved geographically volume. Strong performance expected in Q4.
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Sharda Cropchem: Strong Fundamentals
The brokerage firm expects 19% revenue, 50% EBITDA, and 139% PAT CAGR growth for the agrochemical company from FY24-27, citing strong fundamentals.
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Note
Be sure to consult your market expert before making any investment decisions.