HSBC Agrochemical Outlook: Monsoon Boost Drives Buy Calls

  Published 11 months ago

HSBC cites strong monsoon revival and higher crop sowing in India, boosting agrochemical fundamentals, with 'Buy' on UPL and Dhanuka, 'Hold' on Bayer, and 'Reduce' on Rallis.

  • Early monsoon arrival and 2% above normal rainfall as of June 23 support positive crop sowing trends.
  • Strong sowing drives higher seed and pesticide consumption, favoring agrochemical companies in H1 FY2026.
  • UPL up 29%, Dhanuka 13%, Bayer 1.9%, and Rallis 3.1% year-to-date following HSBC’s ratings.

You might like these

SPML Infra Boosts Project Execution with Bank Guarantees

Palo Alto Networks: Leading in AI Cybersecurity

TVS Motor July Sales Jump 29%

Jio Payments Bank Wins MLFF Toll Rights

CESC wins 300 MW solar project

Jefferies Bets on Consumer Comeback

Nifty Sensex Hit One‑Year Highs on Banks

News that matters the most ⚡