Monsanto India Gains on Parent's Bullish Outlook
Monsanto India shares were up 5 per cent after earlier hitting a record high at Rs 2,414 after parent Monsanto Co, the world's largest seed company, beat quarterly forecasts, improved its near-term outlook and said it planned to double earnings over the next five years.
The parent also announced authorization of a $10 billion share repurchase and cited strong progress on a new farm data business platform.
Monsanto Co owns 72.14 per cent in its Indian arm, BSE data showed.
Copyright: Thomson Reuters 2014
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