Mumbai: Shares of agrochemical and animal-feed makers rallied on Thursday after robust third-quarter earnings from a number of firms lifted sentiment, whereas decreased US tariffs improved the near-term outlook.
Avanti Feeds surged 20%, hitting the utmost tradable restrict of the day. Godrej Agrovet rose 6.5%, and Mukka Protein gained 3.5%. Amongst agrochemical shares, Sharda Cropchem jumped 9.6%, whereas Sikko Industries, Aristo Bio-Tech and Lifescience superior 6.1% and 5%, respectively.
“There was uncertainty earlier, which is out now since there’s readability on tariffs, and most of those firms have reported a greater set of earnings on a decrease base, which the buyers are rewarding,” mentioned Anita Gandhi, institutional head, Arihant Capital.
