Short term pains, long term gains…
1. Improvement in agriculture with good monsoon will give food security and is also positive for the fertilizer stocks like GSFC, COROMANDEL INTERNATIONAL
2. The agri improvement should be reflected in FMCG companies going forward with ITC, GODREJ CONSUMERS and HUL performing. The index has made all time high.
3.In the near term auto, banking, capital goods sector would be facing pressure while pharma, fertilisers and FMCG would be safe bets in these markets.
Stocks that look attractive
JAGRAN PRAKASHAN, KAJARIA CERAMICS, COROMANDEL INTERNATIONAL, PTC INDIA, EDUCOMP, GSFC, CUMMINS, EIL, IL&FS TRANSPORTATION NETWORKS, LUPIN and SUNPHARMA
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