Will you buy a company for 1000 Cr if the company generates cash of 100 cr each year and no debt ? Sure why not . That's a deal you rarely get these days. You are not only getting a company for 1000 cr but strong growing agriculture business and technology behind a multinational.
Yes we are talking about BASF . It's subsidiary of german parent BASF who produces industrial chemical and crop protection chemicals.
Fertilizers stocks trading for low p/e for some time.
b) Rashtriya chemical
Agriculture stocks has great future . Advanta india is one of few India companies with good R&D in seeds. Seed business has been mostly dominated by multinationals like Syngenta and Monsanto.
I am looking to enter Jain Irrigation stock for while. Now since monsoon rain is poor. Is it a good idea to enter this stock?