India's Godrej Agrovet oil palm unit could be worth more than its market cap, Kotak says
BUZZ-India's Godrej Agrovet oil palm unit could be worth more than its market cap, Kotak says ** Shares of agribusiness firm Godrej Agrovet GODE.NS up 12.64% at 693.05 rupees, their highest levels since October 6, 2025
** Stock records its biggest intraday pct jump since April 4, 2022
** Analysts at Kotak Institutional Equities ("buy", raise fair value to 1,010 rupees from 850 rupees) see segment's long-growth runway, margin stability, high return on capital deployed supporting co's gains
** "This (oil palm) one segment could be worth more than GAVL's current market cap," says Kotak
** Oil palm margins could expand further driven by favourable procurement mix, operating leverage, growth in value-added products: Kotak
** Brokerage sees company's oil plantation area under management to increase, while existing plantations mature
** GODE's growth likely to remain stable until 2040 with margins and returns remaining attractive
** YTD, shares up 17.27%
(Reporting by Saikeerthi in Bengaluru)
((Saikeerthi@thomsonreuters.com; (+91) 8296756080))
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