AGRI SECTOR
Cannot avoid market momentum but be a little more selective: Mayuresh Joshi
The entire ecosystem will see accelerated investments and the government push through regarding the capex needs. Also, railways as a theme, defence as a theme, and shipbuilders as a theme will continue. Execution is going to be extremely important out here, says Mayuresh Joshi. He further says the earnings story and earnings growth should continue to remain strong in select domestic-focused sectors
India economy likely to sustain high growth trajectory: ITC
Indian conglomerate ITC predicts the Indian economy will sustain its high growth trajectory in FY2024-25 due to strong momentum in fixed investments and private consumption. The growth is supported by a good Rabi harvest and normal monsoons. Factors like a favorable demographic profile, increasing affluence, rapid urbanisation, and accelerated digital adoption are key structural drivers of the Indian economy.
Deven Choksey on one sub-sector to be bullish on in run up to Budget
Maybe for buying the deep value investment opportunity, we will have to see a correction in the market. If at all it comes, that would be a good opportunity to buy into it. But otherwise, I maintain that I think, yes, the fundamental is not doubted. The current valuations are not comforting.
Fund Manager Talk | PSU stocks in 3 sectors offer value for long-term investors: Charanjit Singh, DSP Mutual Fund
We expect the Government to remain focussed on infra investment even during the third term. Since FY21, the government has focussed on building infrastructure with central government expenditure rising from 1.7% of GDP in FY21 to 3.3% of GDP in FY24.
Budget expectation of farm sector: Spotlight on agri research, fertiliser subsidy, climate fight in meeting with FM
Budget 2024 expectations: Experts at the meeting advocated for the consolidation of all agriculture-related subsidies for transfer through Direct Benefit Transfer (DBT) and proposed a hike in the retail price of urea, unchanged since 2018. They also emphasized promoting bio-fertilisers and foliar fertilisers through subsidies.
Auto, auto ancillary sector a good theme to play the rural recovery: Devang Mehta
Some of the FMCG participants also came in this analyst guidance that most of these companies are now trying to come back and there was a decent volume growth which is seen.
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Here's why Gurmeet Chadha is bullish on Bharti Airtel
It is difficult to put incremental money in these pockets and so ABB is 50 times EV by EBITDA, 80-90 times earnings and probably the next four-five-year order book is probably in the price.
ETMarkets Smart Talk: Agri, consumer durable & insurance could be dark horse of FY25: Kush Gupta
Elections in the past have always led to sharp movements pre and post-event, but history has shown that the markets finally stabilize one to six months post-event.
CII wants Modi 3.0 govt to push land, labour, agri reforms to boost growth
Industry body CII on Thursday made a case for pushing reforms in sectors like land, labour, and agriculture by the Modi 3.0 government to accelerate economic growth, which is estimated to be around 8 per cent in the current financial year. CII President Sanjiv Puri said a lot of policy interventions in the past have put the economy on "a much stronger wicket".
FMCG and consumer durables poised for growth : Trideep Bhattacharya
I think the market has taken comfort over the last few days since the election result has come out, until yesterday that the ministries have been announced that broadly speaking the policy directive is likely to remain the same.
₹1 investment in agri R&D can fetch ₹13 return, says NAAS chief
The NAAS president, Himanshu Pathak, stresses the urgent need to revamp India's agricultural research and education system to address challenges like high costs, low productivity, and climate change impacts. Highlighting significant returns on research investments, he calls for a shift towards globally competitive and sustainable farming, emphasizing the importance of innovation and collaboration to achieve these goals.
UAE looking to expand scope of trade under CEPA with India: Official
The UAE aims to expand the Comprehensive Economic Partnership Agreement (CEPA) with India, signed on February 18, 2022, to enhance bilateral trade. Feryal Ahmadi, COO of Dubai Multi-Commodities Centre, highlighted potential sectors like agri-commodities and critical minerals. She emphasized India's significance as a trading partner and discussed the growth in UAE-India CEPA trade.
Pharma an undervalued, under-owned, high on comfort space for next 1-2 years: N Jayakumar
I think the market is not necessarily differentiated between consumption in the rural or consumption in the urban space. I think in general, consumption stocks have been lacklustre, languid if you will, but I think large scale recoveries in the market have happened across the board.
Drone Destination signs pact with IFFCO for spraying agri products on 30 lakh acres of farm land
IFFCO and Drone Destination collaborate on a significant deal to enhance agricultural productivity through drone spraying across 30 lakh acres. The partnership aims to revolutionize Indian agriculture with innovative technologies and products.
Three new coop societies will help solve many agri problems, raise farmers' income: Amit Shah
Cooperation Minister Amit Shah inaugurated Bhartiya Beej Sahakari Samiti Ltd, National Cooperative Organics Ltd, and National Cooperative Export Ltd to promote organic farming, exports, and seed production. A laboratory will certify organic farm and products. Shah aims to increase India's organic exports.
Agri credit crosses Rs 20 lakh crore till Jan in FY24; sharp jump from Rs 7.3 lakh cr in 2013-14
The Modi government has significantly increased institutional credit in the agriculture sector, with banks disbursing Rs 20.39 lakh crore. The government implements an interest subvention scheme for short-term crop loans and provides income support to farmers through the PM-KISAN scheme. The government has spent Rs 18.
India needs to usher in Green Revolution 2.0 to promote less water-intensive crops: GTRI
India needs Green Revolution 2.0 to promote less water-intensive crops, introduce water pricing mechanisms, and address unsustainable practices. Guaranteeing MSP for pulses and oil seeds, promoting eco-friendly farming, and negotiating with WTO are crucial steps.
Farm-to-fork voyage: Investments in upgraded storage, streamlined supply chain will enhance competitiveness of agri sector
The budget offers a roadmap for empowering farmers, ensuring food security, and propelling the agricultural sector towards a brighter future, said Balram Singh Yadav, managing director, Godrej Agrovet. The measures pave the way for inclusive, sustainable growth in the agricultural sector. According to several estimates, more than 40% of the produced food gets spoiled even before it reaches the consumers.
Expert view on Budget FY24-25: Focus on agri to boost efficiency, competitiveness of sector, increase employment
The emphasis on modernizing the agricultural sector through heightened investments in upgraded storage, streamlined supply chains and branding is poised to elevate the overall efficiency and competitiveness of Indian agriculture.
Rs 15 crore funding for agri start-ups from IIM Kashipur drive
Under the Ministry of Agriculture & Farmers Welfare's RKVY RAFTAAR RABI scheme, IIM Kashipur FIED has provided funding and business training to 200 plus startups since its founding in 2018, including 68 with an agri-focused focus.
NITI, agri ministry, FAO launch investment forum for advancing climate resilient agrifood system
Delivering the keynote address at the inauguration, NITI Aayog Member Ramesh Chand emphasised on the need for awareness on how agriculture contributes to climate change, citing a contribution of a little more than 13 per cent of the total greenhouse gas emissions in the country.
Interim Budget: Govt may increase agri-credit target to Rs 22-25 lakh crore
Currently, the government provides interest subvention of two per cent on short term agri-loans of up to Rs 3 lakh for all financial institutions. This means farmers are getting a farm loan of up to Rs 3 lakh at a concessional rate of 7 per cent per annum.
Agri pump makers to see 7-9% revenue growth next fiscal, says CRISIL
The sector is dominated by conventional pumps (grid-connected and diesel pumps) which have ~90% share, with the remaining comprising solar pumps. Demand for agri pumps is largely resilient — a ‘good’ monsoon drives up farm incomes and pump purchases, buoyed by healthy kharif crops, while a ‘deficient’ monsoon necessitates the usage of pumps to irrigate rabi crops.
Agri pump makers to see revenue growth of 7-9% in FY25: CRISIL
Agricultural (agri) pump makers will see healthy revenue growth of 7-9% in fiscal 2025, supported by resilient domestic demand for conventional pumps and a surge in offtake of solar pumps, largely under the PM Kusum Scheme, according to CRISIL Ratings. This will follow a likely revenue growth of 8-10% in the current fiscal.
India looking to create special farm sector indices to lift agri productivity and incomes
A senior government official told ET that the preparatory work had started at the level of Niti Aayog as well as the ministry of agriculture and farmers welfare, and that the policy interventions may be rolled out after the general elections in 2024. As part of the multi-pronged strategy, the Niti Aayog is working on developing indices across agriculture and rural landscape to track progress of the existing schemes and undertake evaluation of flagship programs to introduce changes, wherever needed, the official said.
Electronics technology- mechanism to boost agriculture sector: MeitY Secretary Krishnan
Krishnan emphasized on the transformative potential of technology in the agricultural sector and highlighted the importance of employing technology in an ethical and inclusive manner for the advancement of society.
Unnati Agri attains break-even status in Oct; registers 2x growth
Unnati Agri, an agriculture supply chain and financial services startup, achieved break-even status in October 2023, achieving a 2x growth compared to the previous year. The company's financial performance was EBITDA positive, with 1.1% margins. Unnati's exclusive branded product line, including seeds, fertilizers, and crop protection solutions, experienced 8-9x year-on-year growth.
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