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Buy or sell: Vaishali Parekh recommends three stocks to buy today — September 18

Buy or sell stocks: Vaishali Parekh has recommended three stocks to buy today —Godrej Agrovet Ltd, Sobha Ltd, and Roto Pumps Ltd.

The Economic Times

Buy Godrej Agrovet, target price Rs 970: Motilal Oswal

Godrej Agrovet Ltd. key Products/Revenue Segments include Animal Feed, Oil Vegetable, Crop Protection, Others, Other Operating Revenue for the year ending 31-Mar-2024.

The Economic Times

Temasek arm pares 1.4% stake in Godrej Agrovet for over Rs 212 crore

V-Sciences Investments, part of Temasek Holdings, sold a 1.4 per cent stake in Godrej Agrovet for over Rs 212 crore through an open market transaction. The sale involved 27.10 lakh shares at an average price of Rs 785.13 each. This reduces V-Sciences' holding in the company to 6.36 per cent from 7.77 per cent.

CNBC TV18

Temasek's arm pares 1.4% stake in Godrej Agrovet for over ₹212 crore

According to the bulk deal data available on the National Stock Exchange (NSE), V-Sciences Investments offloaded 27.10 lakh shares, or 1.41% stake, in Godrej Agrovet.

Business Standard

Temasek's arm cuts off 1.4% stake in Godrej Agrovet for over Rs 212 cr

V-Sciences Investments, an arm of Temasek Holdings, on Friday divested a 1.4 per cent stake in Godrej Agrovet for more than Rs 212 crore through an open market transaction. Temasek Holdings is a state-owned multinational investment firm in Singapore. As of March 31, 2024, the investment company held an SGD 389 billion of portfolio value. According to the bulk deal data available on the National Stock Exchange (NSE), V-Sciences Investments offloaded 27.10 lakh shares, or 1.41 per cent stake, in Godrej Agrovet. The shares were disposed of at an average price of Rs 785.13 apiece, taking the deal value to Rs 212.77 crore. After the stake sale, V-Sciences Investments' holding in Godrej Agrovet has declined to 6.36 per cent from 7.77 per cent. Details of buyers of Godrej Agrovet's shares could not be identified. In May 2022, Temasek trimmed its stake by selling 40 lakh shares of agri firm Godrej Agrovet for Rs 197 crore. Prior to that, the Singaporean global investment company in Febru

The Economic Times

Nestle, PepsiCo in talks with Godrej Agrovet to buy palm oil

Nestle and PepsiCo discussed with Godrej Agrovet about sourcing refined palm oil locally for brands like Maggi and Lay’s. This shift comes due to rising global prices and logistics costs. Companies aim to shorten import cycles and avoid supply disruptions amidst geopolitical tensions. Currently, they import mainly from Indonesia and Malaysia but are now urged to increase local procurement. Trade analysts suggest that sourcing from India can help negotiate better prices, ensure quality, and reduce logistics expenses.

The Economic Times

Godrej Agrovet to set up oil palm processing mill in Tripura

Godrej Agrovet Limited is setting up an Oil Palm Processing Milling unit in Dhalai, Tripura. They will also open a research and development center and a Samadhan center to assist farmers. This initiative is part of the National Mission on Edible Oil - Oil Palm and will bring 7,000 hectares under palm cultivation in the state.

The Economic Times

Godrej Agrovet to set up Oil Palm processing mill in Tripura

Godrej Agrovet will establish an Oil Palm Processing mill in Tripura's Dhalai district by 2026, initially with 10 tph capacity. They also plan to expand the local nursery, set up an advanced R&D center, and provide comprehensive support to farmers. This will support the National Mission on Edible Oil - Oil Palm and aid regional farmers.