Household insecticides (HI) growth has been flat over FY16-20, due to various reasons, with a lot of quarterly volatility. H2FY23 has shown a revival in growth.
Backed by increased capital allocation towards capex, expanding distribution and most importantly fast track R&D, Blue Star management is targeting faster-than-market growth for all existing product offerings.
The company has filed DRHP in February 2022 to float initial public offer and get approval in May 2022, but did not launch the IPO amid weaker market conditions.
Here are some stocks that may show significant price movement today.
Sanofi India’s CY22 Annual Report (AR) reiterated the company’s four-pronged India-For-India strategy, to help accelerate growth in domestic market.
Recommendation: Add; Target Price: Rs 5200
Brent crude June futures were up 6 cents at $75.36 per barrel.
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