Retain ‘add’ on Godrej Agrovet with revised TP of Rs 555

Retain ‘add’ on Godrej Agrovet with revised TP of Rs 555

We model most segments of GAVL to recover in FY22E given favourable base of FY21. We remain confident of value creation (RoE > cost of equity) and maintain ‘add’ with a DCF-based target price of Rs 555 (26x FY23E; earlier TP: Rs 575.
Check the source here –Source, Financial Express.

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