Sharda Cropchem – Debt-free Agriculture Innovation company

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MARKET UPDATE

Nifty had hit 52 week high and since then it had failed to cross the top indicating that it should be consolidating and moving towards lower levels in the coming weeks. Is this an indication of some big correction? Well, honestly we have no idea about it, however we would caution investors to book partial profits in companies where there have been significant gains in recent periods. We expect nifty below 17500 to further fall to 16800 level. Please note this is not meant for trading we have been wrong in past while predicting the broader markets (indices) and we can be wrong this time too. This note is provided just for the reference to the users who we asking if they should start to average down on the stocks that have fallen. Therefore please do not jump on quickly to start averaging.

SHARDA CROPCHEM

Current Market Price-: 325 Rs

Sharda Cropchem Limited a 100% debt free ,45 years old company is one of India’s leading agriculture innovation companies. It is engaged in export of agrochemicals (technical grade and formulations) and non-agro products such as conveyor belts, rubber belts/sheets, dyes and dye intermediates to various countries across the world.

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Established in 1989 , Sharda cropchem has been a fast growing global agrochemicals company in the generic crop protection chemicals industry. The company has made deep inroads in the highly developed European and US markets which are characterised as high entry barrier markets.

It also has a significant presence in other regulated markets such as LATAM and Rest of the World.

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