BUZZ — India's Godrej Agrovet rises as Axis Capital raises price target

* Agribusiness firm Godrej Agrovet's shares rise about 2% to 645 rupees apiece * Rise after Axis Capital reiterates "add" and hikes price target to 710 rupees from 645 rupees, implying a potential upside of 12% * GODE's crop care business faces pressure in the financial year 2027 from El Niño, uneven rainfall, low reservoir levels and high channel inventory, says Axis Capital * Adds, ramp-up of its new in-licensed molecules for maize, paddy and chilli partly offsets the impact * Adds GODE's palm oil business is expected to continue its healthy performance in FY2027 * While the brokerage cuts GODE's FY2027 EBITDA by 11% to factor in the weakness in the crop care segment margin, it keeps FY2028-2029 EBITDA intact * GODE shares are up 13% in 2026 so far, according to exchange data (Reporting by Bharath Rajeswaran in Bengaluru) ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;)