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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
HSBC Maintains Buy on Kaveri Seeds
HSBC has maintained its buy call on Kaveri Seeds for target price of Rs 850 per share. HSBC says that FY16 will be the bottom for earnings. HSBC adds that weak cotton seed market hurts Kaveri's valuation and uncertainty is likely to persist in the near term. However, it adds that downside could be limited after sharp one-week decline.