Prime Minister Narendra Modi participated in a special agricultural programme at the Indian Agricultural Research Institute in New Delhi on 11th October. During the programme, he launched two significant agriculture-focused schemes with a combined outlay of Rs. 35,440 crore.
The PM Dhan Dhaanya Krishi Yojana, with an allocation of Rs. 24,000 crore, and the Mission for Aatmanirbharta in Pulses, with Rs. 11,440 crore, were formally introduced. Additionally, he inaugurated and dedicated projects worth over Rs. 5,450 crore across agriculture, animal husbandry, fisheries, and food processing sectors, while also laying the foundation for further initiatives valued at around Rs. 815 crore.
Highlighting India’s progress in agriculture, the Prime Minister noted that agricultural exports have nearly doubled over the past eleven years. Foodgrain production has increased by roughly 90 million metric tonnes, while fruit and vegetable output has grown by over 64 MMT. India now leads the world in milk production and is the second-largest producer of fish globally. Honey and egg production have both doubled since 2014, reflecting significant growth in allied agricultural sectors.
Following are a few stocks in focus after the government launches two major schemes in the agriculture sector with an outlay of Rs 35,440 crore:
UPL Limited
With a market cap of Rs. 57,008 crores, the stock is currently trading in the green at Rs. 676 on BSE, up by around 0.3 percent on Tuesday. UPL Limited is principally engaged in the business of agrochemicals, industrial chemicals, chemical intermediates, specialty chemicals and the production and sale of seeds of field crops and vegetables.
PI Industries Limited
With a market cap of Rs. 54,068.5 crores, the stock is currently trading in the green at Rs. 3,563.75 on BSE, up by around 0.5 percent on Tuesday. PI Industries Limited is primarily an agrochemical company based in India, focusing on the manufacturing and distribution of agricultural chemicals, including crop protection products, plant nutrients, and specialty chemicals, along with offering custom synthesis and manufacturing (CSM) services for other companies in the industry.
The company has a strong presence in both the domestic and export markets, and has three manufacturing facilities in Gujarat and a Research & Development centre at Udaipur.
Coromandel International Limited
With a market cap of Rs. 65,080 crores, the stock is trading in the red at Rs. 2,205.1 on BSE, down by around 1 percent on Tuesday. Coromandel International Limited is engaged in the business of manufacturing and trading of farm inputs comprising fertiliser, crop protection, specialty nutrients and organic compost. It categorises operating segments into nutrient and other allied businesses and crop protection.
The company has 18 manufacturing facilities located across India. It also operates a network of retail outlets across Andhra Pradesh, Telangana, Karnataka and Tamil Nadu. The crop protection products are exported to various countries.
Zuari Agro Chemicals Limited
With a market cap of Rs. 1,063 crores, the stock is trading in the red at Rs. 252.7 on BSE, down by around 2.2 percent on Tuesday. Zuari Agro Chemicals Limited is engaged in the business of manufacturing, trading and marketing of chemical fertilisers, water-soluble fertilisers, seeds, pesticides and fertiliser products. The company caters to the demand of the farmers across the country through its “Jai Kisaan” brand of fertilisers.
Godrej Agrovet Limited
With a market cap of Rs. 12,695 crores, the stock is trading in the red at Rs. 660.05 on BSE, down by around 1.4 percent on Tuesday. Godrej Agrovet Limited, a diversified agribusiness company, is engaged in the business of the manufacturing and marketing of high-quality animal feed, innovative crop protection & agricultural inputs, palm oil & allied products, poultry and processed food & milk and milk products.
Written by Shivani Singh
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