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DHANUKA
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Amongst CNX500 #CARBORUNIV #DBCORP #DHANUKA #ENGINERSIN #EQUITAS Formed double bottom on weekly chart now keep note of low made and entry can be take on reversal

Manush Vadher

Equitymarket ಕನ್ನಡ

EqmOptiontrading

UPL First buyback after 8 years and future scenario On Monday, UPL was one of the few companies in the Nifty 50 index to finish higher. The board of the agro supplies supplier authorised a repurchase of equity shares last week, amid allegations that the company's promoters are in discussions to sell it. The repurchase was authorised by the board on March 2, and the share sale reports were released the following day. This will be UPL's first repurchase in eight years, according to Moody's Investors Service. The business last did a stock repurchase in 2014. Listed firms are increasingly using buybacks to return cash to shareholders. The IT services business is a good example. The promoter group for UPL is not anticipated to participate in the repurchase. As a consequence, according to Moody's estimates, a successful repurchase may increase promoters' share in UPL by 50 basis points to 28.7%. A repurchase, on the other hand, might offer support for the stock, particularly in light of the current equity market fall, assisting its valuation and the promoters' share sale discussions. It's worth noting that the repurchase price is 20% more than the stock's current market price. The Rs 1,100 crore repurchase also sends a crucial message about UPL's financial situation. It means the business is on track with its profits, cash flow, and debt reduction goals. "In this context, a repurchase is expected as a result of the company's robust cash inflows in Q4" (FY22). In general, 80% of yearly OCF for UPL is produced in the second half of the year," Investec Securities analysts said in a report. The OCF stands for operational cash flows. Readers may remember that UPL was plagued with debt as a result of its $4.2 billion purchase of Arysta LifeScience Corp. UPL has concentrated on deleveraging and debt repayment in the aftermath of the Arysta acquisition. UPL's readiness to perform its first buyback after the Arysta purchase suggests the firm is well on its way to debt reduction, with enough cash put aside for a buyback. In January, UPL prepaid a number of debts. It is expected to repay additional debt in the current quarter, bringing the net debt to EBITDA excluding perpetual bonds down to less than 2 times by the end of the current fiscal year, perhaps as low as 1.9 times. Net debt to EBITDA was 2.2 times at the end of FY21, down from 3 times in FY20. Earnings before interest, taxes, depreciation, and amortisation are referred to as EBITDA. "The buyback will be paid for with UPL's consolidated cash, which is expected to total $500 million by December 2021. "However, we estimate UPL's strong free cash flow production to allow a $500 million decrease in gross debt each year," Moody's says. Despite the epidemic and other hurdles, UPL's steady development has allowed it to repay its debts. Revenues increased in the previous two fiscal years, and the company's performance in the first nine months of FY22 surpassed growth expectations. For UPL, the fourth quarter of the fiscal year is often robust. The corporation liquidates inventory created in the previous quarter (9M FY22) and utilises the profits to pay off working capital debts throughout the quarter. These ideas seem to be on the right track. The company's sales growth estimate for FY22 is expected to be exceeded by the majority of analysts. "A positive agricultural forecast in Latin America and North America (weather + robust farm commodity prices) bodes well for UPL and should assist in debt reduction," says Investec. Of course, not everything is as it seems. Commodity prices have risen again, and supply chain limitations have resurfaced as a result of the European war. UPL may face difficulties as a result of its global presence. Raw material price increases may drive up manufacturing costs, while supply chain bottlenecks might cause demand fulfillment challenges. Furthermore, it is unclear why the promoters desire to leave the firm after growing it into a worldwide corporation. The stock will also benefit from clarity on the stake sale and earnings performance. #UPL #RALLIS #DHANUKA #SUMICHEM

Voyage Capital

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*ET NOW BROKERAGE RADAR* EMKAY ON DHANUKA AGRITECH Maintain BUY , Target at `890/share Upgrade earnings estimates for Dhanuka Agri Expect company to continue to outperform the industry See Generating robust cash flow Raise the TP by 25% to `890/share (Mar’22) MORGAN STANLEY ON BIOCON Maintain Equal-Weight , Target at `430/share Believe share price will fall in absolute terms over next 30 days Short term valuation much less compelling for Biocon Its biosimilars market share ramp up in the US is slower MACQUARIE ON COAL INDIA Maintain Outperform , Target at `178/share CIL board accords 'in-principle' approval to venture into aluminium value chain Our Outperform rating reflects improved volume visibility See higher e-auction realization supported by firming global prices Capex plan however poses risk to dividend and stock multiples. NOMURA ON AUTO PLI scheme for autos to likely drive exports Exporters to be key beneficiaries of PLI More benefits may help globally competitive Indian OEM's to gain share #DHANUKA #COALINDIA #BIOCON #NIFTYAUTO

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https://www.moneycontrol.com/news/business/stocks/accumulate-dhanuka-agritech-target-of-rs-868-prabhudas-lilladher-6060071.html #DHANUKA

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https://www.moneycontrol.com/news/business/stocks/buy-dhanuka-agritech-target-of-rs-1035-dolat-capital-market-6052701.html #DHANUKA

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Prabhudas Lilladher target on DHANUKA Date: 30-Oct-20 Broker: Prabhudas Lilladher Price @ Call: 731.58 Target: 868 Potential: 0.19% Recommendation: ACCUMULATE

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Axis Direct target on DHANUKA Date: 21-Oct-20 Broker: Axis Direct Price @ Call: 715.3 Target: 880 Potential: 0.23% Recommendation: BUY

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Reputation: 27,674  •  Nov 3 3:21 AM
Buy Dhanuka Agritech, target price Rs 942: Centrum Broking
Dhanuka Agritech Ltd. key Products/Revenue Segments include Agrochemicals, Other Operating Revenue, Scrap and Power Generation for the year ending 31-Mar-2022.
The Economic Times
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Reputation: 27,674  •  Nov 3 6:41 AM
Multibagger agrochemicals stock ends 1% lower after buyback announcement
The company in its board meeting on Tuesday approved a Rs 85 crore share buyback plan through tender offer
The Economic Times
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Reputation: 27,674  •  Nov 1 2:11 AM
Corporate Radar: HUL, Nippon Life India to trade ex-dividend, Adani Ports, Sun Pharma results and more
Adani Ports, Chambal Fertilizers, Cholamandalam, Dhanuka, JK Tyre, Kansai Nerolac, Karnataka Bank, LIC Housing Fiaance, Sun Pharma, Tata Investment, Tech Mahindra, UPL, Voltas, Varun Beverages, Max Healthcare and Macrotech among others will be announcing their Q2 results.
The Economic Times
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Reputation: 27,674  •  Oct 28 7:06 AM
Dhanuka Agritech gains up to 8% on share buyback plans
In 2020, the company approved the buyback of up to 10 lakh equity shares at a price of Rs 1000 per share for a buyback size not over Rs 100 crore.
The Economic Times
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Reputation: 27,674  •  Oct 28 1:06 AM
Stocks in the news: Maruti Suzuki, SBI Cards, Indus Towers, Aditya Birla AMC and Tata Chemicals
Maruti Suzuki, Vedanta, Dr Reddy's Labs, Tata Power, JSW Energy, Bandhan Bank, Sona Comstar, Sumitomo Chemical, Blue Dart, MRPL, Carborundum Universal and Vardhman Textile is among the companies that will announce their results for September 2022 quarter today.
The Economic Times
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Reputation: 27,674  •  Sep 27 12:36 PM
Stocks in the news: Amara Raja, Voda Idea, Mahindra Logistics, BSE and Embassy Office Parks
Battery firm Amara Raja Batteries has proposed a transaction to integrate the battery plastic component business of Mangal Industries into its fold through a scheme of arrangement.
The Economic Times
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Reputation: 27,674  •  Aug 3 1:21 AM
Dhanuka Agritech Q1 profit inches up to Rs 49cr; revenue rises 10pc to Rs 410cr
Now, the rainfall has covered most of India in July except for the eastern region, therefore, we expect that rest of the year should be good for the company, he added.Dhanuka Agritech said it will continue to focus on introducing new products in the market to cater to the growing needs of farmers.
The Economic Times
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Reputation: 27,674  •  Aug 3 1:03 AM
Dhanuka Agritech Q1 profit inches up to Rs 49 crore; revenue rises 10pc to Rs 410 crore
Total income grew by 10 per cent to Rs 409.58 crore in the first quarter of this fiscal from Rs 371.54 crore in the corresponding period of FY22, the Gurugram-based company said in a statement.
Moneycontrol
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Reputation: 27,674  •  Aug 3 3:31 AM
Buy Dhanuka Agritech, target price Rs 850: Prabhudas Lilladher
Dhanuka Agritech Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 3265.14 Crore) operating in Pesticides/Agro Chemicals sector.
The Economic Times
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Reputation: 27,674  •  Jul 14 8:46 AM
Dhanuka Agritech continuing with double digit growth and 18% margin guidance: MD
“As soon as the rain stops in Gujarat and Maharashtra etc. sowing will further take pace. So overall, the government is also expecting a very good food grain production in FY23 also and it will supersede the last years targets.”
The Economic Times
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Reputation: 27,674  •  May 25 5:26 AM
Buy Dhanuka Agritech, target price Rs 1000: Emkay Global
Dhanuka Agritech Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 3381.35 Crore) operating in Pesticides/Agro Chemicals sector
The Economic Times
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Reputation: 27,674  •  May 25 2:11 AM
Buy Dhanuka Agritech, target price Rs 800: Axis Securities
Dhanuka Agritech Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 3330.58 Crore) operating in Pesticides/Agro Chemicals sector.
The Economic Times
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Reputation: 27,674  •  May 23 1:51 AM
Corporate Radar: Dividends, rights issues, AGMs and Q4 earnings
At least five stocks will go ex-dividend today. They included Angel One, Caplin Point Laboratories, Coforge, Cyient and Dolat Algotech.
The Economic Times
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Reputation: 15,682  •  May 21 5:38 AM
Manush Vadher in CARBORUNIV
Amongst CNX500 #CARBORUNIV #DBCORP #DHANUKA #E...
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Reputation: 15,682  •  May 15 11:20 AM
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Reputation: 27,674  •  May 10 9:46 AM
Gram Unnati appoints ex-chief election commissioner Sunil Arora as non-executive chairman
Agritech startup Gram Unnati on Tuesday said it has appointed former chief election commissioner Sunil Arora as the new non-executive chairman of its board.
The Economic Times
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Reputation: 750  •  Apr 4 2:31 AM
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Reputation: 828  •  Apr 4 2:29 AM
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Reputation: 27,674  •  Mar 28 12:51 PM
Stocks in the news: Airtel, DLF, Adani Total Gas, Voda Idea and multiplex stocks
The leading film exhibition players PVR and INOX Leisure announced a merger deal to create the largest multiplex chain in the country with a network of more than 1,500 screens.
The Economic Times
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Reputation: 2,707  •  Mar 9 5:58 AM

UPL First buyback after 8 years and future scenario

On Monday, UPL was one of the few companies in the Nifty 50 index to finish higher. The board of the agro supplies supplier authorised a repurchase of equity shares last week, amid allegations that the company's promoters are i......read more
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Reputation: 27,674  •  Mar 2 3:36 AM
Disruptive business models are stimulating agriculture: Report
The report, titled Innovations in Rural Economy, said Indias rural economy contributes to nearly half of the nations GDP and is growing steadily, supported by government and private sector improvements to the physical and digital infrastructure.
The Economic Times
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Reputation: 20,221  •  Jan 31 12:30 PM

#DHANUKA will declare results on Feb 2, 2022
Do you have any view on the results? Let's aggregate whatever information we have from other sources for everyone's benefit.
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Reputation: 27,674  •  Jan 25 10:41 AM
Agritech startup AgroStar launches personal accident insurance cover for farmers
As per the terms of the programme, a farmer who purchases agri inputs from the AgroStar App will get a benefit of personal accident insurance cover of Rs 2 lakh free of cost.
The Economic Times
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Reputation: 27,674  •  Jan 21 6:56 AM
Agritech startup Agrowave nets $2 million funding from Oyo founder Ritesh Agarwal's family office
Agrowave said it is planning to use the funds to expand the team and scale operations to achieve a monthly gross merchandise value or GMV of over Rs 100 crore.
The Economic Times
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Reputation: 27,674  •  Jan 20 9:16 AM
JM Financial PE leads Rs 100 crore round in agritech platform BigHaat
Proceeds from the investment will support augmentation of the existing technology infrastructure and accelerate expansion of the firms operations, the company said in a statement.
The Economic Times
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Reputation: 27,674  •  Jan 14 6:56 AM
Samunnati to set up weather stations for FPOs to structure insurance products for farmers
Samunnati Foundation, the non-profit subsidiary of Samunnati, recently signed a memorandum of understanding (MoU) with IIT Madras Incubation Cell (IITMIC) to develop innovation in agriculture and support agritech startups in their goals.
The Economic Times
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Reputation: 27,674  •  Jan 11 6:06 AM
Pepper Farms raises $1 million in seed funding to grow business
The Economic Times
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Reputation: 27,674  •  Jan 7 4:06 AM
Buy Dhanuka Agritech, target price Rs 1000: Emkay Global
Dhanuka Agritech Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 3493.14 Crore) operating in Pesticides/Agro Chemicals sector.
The Economic Times
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Reputation: 27,674  •  Dec 31, 2021 11:06 AM
Day’s biggest gainers & losers: BGR energy hits upper circuit, Dilip Buildcon tanks
2021 has been a strong year for equities where largecap benchmarks delivered 21-23 per cent returns to investors, and second-rung benchmarks delivering up to 60 per cent returns
The Economic Times
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Reputation: 27,674  •  Dec 23, 2021 3:31 AM
India can generate USD 813 bn in revenues from agri, food sector by 2030: Report
With an investment of USD 272 billion in agritech and allied segments by 2030, India can generate USD 813 billion in revenue creating 152 million jobs, making it the largest private sector industry in the country, according to a report.
The Economic Times
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Reputation: 27,674  •  Dec 3, 2021 12:16 PM
Agritech firm AgNext Technologies partners with NAFED
Through its quality monitoring platform ‘Qualix, AgNext also enabled deep-tech based comprehensive traceability. Using QR code mapping, the end-consumers can trace all the steps in the supply chain down to the origin.
The Economic Times
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Reputation: 1,825  •  Nov 1, 2021 4:48 AM

*Dhanuka Agritech Ltd.* | *CMP* Rs. 731 | *M Cap* Rs. 3405 Cr | *52 W H/L* 1054/658
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 438.8 Cr (20.6% QoQ, -0.8% YoY) vs expectation of Rs. 410.1 Cr, QoQ Rs. 363.8 Cr, YoY Rs. 442.4 Cr
......read more
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Reputation: 27,674  •  Oct 30, 2021 9:16 AM
Dhanuka Agritech Q2 results: Net profit down 10% to Rs 63 cr
Total income also fell to Rs 445.75 crore during the second quarter of this fiscal year from Rs 450.61 crore in the corresponding period of the previous year, according to a regulatory filing.
The Economic Times
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Reputation: 20,221  •  Oct 28, 2021 12:30 PM

#DHANUKA will declare results on Oct 30, 2021
Do you have any view on the results? Let's aggregate whatever information we have from other sources for everyone's benefit.
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Reputation: 27,674  •  Oct 27, 2021 4:31 AM
Agritech platform DeHaat raises $115 million from Sofina, Lightrock & Temasek
DeHaat has been building a digitised network of farmers as well as last-mile service providers and providing direct access to farmers through its physical as well as digital platform.
The Economic Times
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Reputation: 27,674  •  Oct 20, 2021 4:36 AM
Total salary spends by startups increased by 43%between April & Sept 2021: RazorpayX Payroll Insight
Shashank Kumar, CTO and Co-Founder, Razorpay said in a release: “Businesses across industries are on the road to recovery and these insights reiterate this in many ways. The fact that the majority of our startups using RazorpayX Payroll have increased their salary spends alongside a steadily growing headcount is a clear sign of revival.”
The Economic Times
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Reputation: 27,674  •  Oct 12, 2021 11:36 AM
Agritech startup Bijak in talks to raise $35 million led by Bertelsmann India
The startup also counts Omidyar Network, Omnivore Partners and Better Capital among its investors. It is part of Sequoia startup accelerator programme Surges second cohort of 2019.
The Economic Times
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Reputation: 27,674  •  Sep 16, 2021 6:06 AM
Agritech startup BharatAgri raises $6.5 million from Omnivore, India Quotient
The Bengaluru-based startup intends to use this Series A funding to expand its subscriber base beyond Maharashtra and Madhya Pradesh, accelerate the growth of its inputs marketplace, and refine the existing technology offering.
The Economic Times
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Reputation: 27,674  •  Sep 1, 2021 6:16 AM
Dhanuka group to set up Rs 1,250 crore poly film factory at Panagarh
The plant is spread over 38 acres, the first phase of the plant will manufacture polyester films i.e, BOPET with a production capacity of 45,000 TPA. At an overall investment of over Rs 400 crore.
The Economic Times
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Reputation: 27,674  •  Aug 20, 2021 7:16 AM
Former Nabard boss Harsh Kumar Bhanwala appointed non-executive Independent director of Agritech player Arya
Between 2013 and 2020, Dr. Bhanwala was chairman of the National Bank for Agriculture and Rural Development (Nabard), which oversees all aspects of agricultural credit as well as the supervision of regional rural banks and cooperative banks.
The Economic Times
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Reputation: 2,148  •  Aug 12, 2021 3:01 AM

#DHANUKA do keep it on your watchlist.
Looking for some clean momentum above 950 to take another long. A fundamentally decent company too.
DHANUKA - chart - 4225914
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Reputation: 27,674  •  Aug 7, 2021 6:21 AM
Leads Connect gets CCE mandate for Financed Assam Agribusiness and Rural Transformation Project
APART was launched in the year 2018 by the Government of Assam through Government of India and received huge funds from World Bank to uplift the agricultural sector of the state and encourage farmers to use technology to increase the production.
The Economic Times
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Reputation: 27,674  •  Aug 6, 2021 10:06 AM
Unnati to hire 300 employees across verticals by FY22
In the last six months, the platform has clocked 10X revenue growth and has already established a wide-ranging network of over 15,000 uStores in Uttar Pradesh, Maharashtra, Bihar, and Haryana.
The Economic Times
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Reputation: 27,674  •  Aug 3, 2021 8:51 AM
Krishify secures Rs 19.7 crore in pre-series A led by Omidyar Network India
​​The platform deploys user profiling and AI algorithms to deliver a high degree of personalization.
The Economic Times
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Reputation: 124  •  Aug 3, 2021 1:58 AM

Cash call
Dhanuka agritech @ 928 TARGET 1100
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Reputation: 39,713  •  Jul 31, 2021 4:30 AM

Prabhudas Lilladher target on DHANUKA
Date: 31-Jul-21 Broker: Prabhudas Lilladher Price @ Call: 949 Target: 1008 Potential: 6.22% Recommendation: HOLD
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Reputation: 27,674  •  Jul 31, 2021 11:46 AM
Services trade to boost Indo-US 'ever expanding' business ties: Goyal
"India and the US are working towards peace and stability across the world," he said addressing the '2nd Indo-US Services Summit', organised by Indo American Chamber of Commerce (IACC).
The Economic Times
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