Rallis India.

Rallis India (Rs.298)-BUY
Rallis India Ltd, a Tata Group is India’s no. 2 agrochemical player with a robust product pipeline, strong international alliances (like FMC, Syngenta, Nihon Nohyaku, Dupont and Nuziveedu) and a geographical reach to India’s 80% of district. The Company's Agribusiness division is the distributor of Pesticides, fertilizers, micro-nutrients, seeds, animal feed and other agro inputs. The company has started the sourcing and markeitng of Bt Cotton Seeds in an alliance with Nuziveedu Seeds. An Alliance with Nuziveedu Seed Company, a Major Player in hybrid and Bt Cotton seed market, has been established for purposes.

At the No 2 position in the industry, Rallis is trading at the current CMP of Rs 295 at annualized P/E of 36.8x 9mnths Fy07 Earnings.