Firstcall Research has recommended Buy on Kaveri Seed Company with target price Rs 1,085 against market price Rs 986 for medium to long term investment.

Commenting on the investment rationale, the stock broker said," The company is one of the largest & fastest growing Indian seeds company with revenue of Rs 10.02 billion (FY14). During the quarter, company's net profit jumps to Rs 2,312.05 million against Rs 1,623.16 million in the corresponding quarter ending of previous year, an increase of 42.44%. Reported earnings per share of the company stood at Rs 33.56 a share. Net Sales and PAT of the company are expected to grow at a CAGR of 25% and 35% over 2013 to 2016E respectively."

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