India's Bayer CropScience rises after higher quarterly results despite cost pressures
27/05/2026 04:57
BUZZ-India's Bayer CropScience rises after higher quarterly results despite cost pressures ** Agrochemical products maker Bayer CropScience BAYE.NS shares rise 3.7% to 4,666.2 rupees
** The company's fourth-quarter profit rises 13.1%; revenue from operations up 5.2%
** Declares dividend of 60 rupees/share
** "While corn saw a softer season, our diversified portfolio sustained momentum," - Co
** Analysts warned that lower volumes, coupled with inflation in raw material costs due to the Middle East conflict, would exert some pressure
** Four of 8 brokerages rate the stock "Buy" or higher; their median PT is 5,218 rupees - data compiled by LSEG
** YTD, stock down 1.3% vs 4.1% decline in Nifty 500 Index .NIFTY500
(Reporting by Abhinav Parmar in Bengaluru)
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