Anand Rathi initiates coverage on 4 agrochemical stocks with ‘buy’ rating

After a series of one-off events globally, the need to secure food supplies has become the top priority for every nation. Consequently, brokerage Anand Rathi believes that the structural growth story of the agrochemicals sector is intact, impelled by a) rising domestic demand; b) shrinking arable land (rising yields being the only way out); c) substantial opportunities to explore products going off-patent in the next decade; d) stringent environmental norms in China, offering domestic manufacturers an edge and e) strategic tie-ups with global giants.

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