Sell Kaveri Seed Company, target price Rs 971: LKP Securities

​We continue to like KSCL on a long-term (3-4 years) but in the near-term we believe the growth factors are priced-in, as post our Initiating coverage (At ₹654) the share price has run up over ~65%. Although, we are still positive on the company over a longer term period but nearterm concerns in cotton portfolio and decreasing market share in its key northern markets continuous to impact its overall volumes.