WHEAT STOCK POSITION
Weekly Top Picks: These mid and small cap stocks scored 10 on 10 on Stock Reports Plus
Stock Reports Plus, powered by Refinitiv, undertakes detailed company analysis for 4,000+ listed stocks. In addition to detailed company analysis, the report also collates analysts’ forecasts and trend analysis for each component. An average score in Stock Reports Plus is calculated by undertaking quantitative analysis of five key investment tools - earnings, fundamentals, relative valuation, risk and price momentum.
Ajay Bagga on where to look for next market trigger and pockets to avoid now
Ajay Bagga says railways and defence sectors have already run up much and multi-year order books have been factored in. Now it is the execution challenge. So, have the investors already eaten the pie for railways and defence? Not fully, but right now there might be one more move up like we saw in railway stocks today.
Weekly Top Picks: These mid and small cap stocks scored 10 on 10 on Stock Reports Plus
Stock Reports Plus, powered by Refinitiv, undertakes detailed company analysis for 4,000+ listed stocks. In addition to detailed company analysis, the report also collates analysts’ forecasts and trend analysis for each component. An average score in Stock Reports Plus is calculated by undertaking quantitative analysis of five key investment tools - earnings, fundamentals, relative valuation, risk and price momentum.
Govt weighs interventions to stabilise rising wheat prices
The government announced its intention to implement appropriate policy measures aimed at maintaining stable wheat prices for consumers across the country. Following a committee of ministers meeting chaired by Home Affairs and Cooperation Minister Amit Shah, the government instructed officials to closely monitor the prices of wheat. Official data indicates that prices of wheat and wheat flour have risen by as much as Rs 2 per kg compared to the previous year.
Fertiliser, agrochemical stocks rally as monsoon arrives early
Fertiliser and agrochemical companies like FACT, Nova Agritech, and Rallis India saw a boost in shares as the monsoons arrived early. Analysts expect increased demand for products due to favorable weather conditions, with specific bullish recommendations for Coromandel International and other companies.
Elections still on for them? But macro structure has changed for good: 5 sugar stocks with upside potential of up to 27%
In a sector, where government policies have a major impact, the risk of any change in policy impacting the players is always present. That is the reason why the valuations of these stocks from such sectors don't cross a certain threshold. Probably the sugar sector tops the lists of such sectors and the reason is because both the central and state governments have some say in the policy making. While the general elections are over, there are many states which have exposure to the sugar sector and state elections are going to be held there over the next couple of quarters. So a narrative might get built against the sugar stocks. What needs to be done, make a distinction between the reality that the balance sheets of these companies are much stronger than what they were, their business model is not just about sugar, but about part of the clean energy which is something which is going to grow.
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Modi 3.0 has heavy lifting to do on tax reforms to managing stock risks
Economists outline key priorities for India's incoming government, emphasizing the need for growth, job creation, and macro stability. Pronab Sen highlights the importance of sustainable livelihoods, while Pranjul Bhandari suggests that 'easy' reforms could maintain 6.5% growth. However, achieving 70 million jobs requires politically sensitive reforms in agriculture, labor, and land. Additional recommendations include infrastructure investment, judicial reforms, enhancing export competitiveness, and further tax reforms, particularly bringing petroleum and power under GST.
Wheat procurement crosses last year's figure, comfortable to meet demand: Food ministry
Wheat procurement for the 2024-25 Rabi marketing season progresses smoothly, surpassing last year's total with 262.48 lakh tonnes acquired, benefiting 22.31 lakh farmers. Major states contributing include Punjab, Haryana, and Madhya Pradesh. Rice procurement from the previous Kharif season also proceeds well, ensuring ample stock for welfare programs. Monsoon forecasts remain pivotal for agricultural planning.
Bad news flow & good stock prices: 5 agro-chemical stocks with upside potential of up to 30%
What is the news flow regarding the agrochemical sector today? Probably the following: China is dumping, there is over capacity in many segments, over inventory issues are plaguing the industry globally, erratic weather conditions in different parts of the world. One would feel agro chemical stocks are better avoided now. But in markets, when the news flow is bad, stock prices are probably good. Also, in the case of the agro chemicals sector, it's mostly short term issues. So, it is time to keep them on the watch list.
All group businesses going through transformation over next couple of years: Shashwat Goenka, RPSG Group
Shashwat Goenka envisions significant growth and transformation across diverse sectors within the RPSG Group. The strategic focus includes retail expansion, innovative health food offerings, client-centric BPO services, and a transition to greener energy sources for sustainable growth.
Indian wheat was poised to feed the world. It now grapples to replenish reserves
India's wheat policy requires a comprehensive review to ensure the production and procurement balance is maintained.
Short-term troubles are opportunities for long-term investors? 5 agro-chemical stocks with upside potential of up to 30%
Most businesses experience periods of highs and lows. The key is determining whether these lows are part of a recurring cycle or the result of a one-time event. The agrochemical sector is currently in a downturn due to specific, isolated incidents. This includes a sudden rise in industry inventory and an oversupply that entered the market following the resumption of Chinese production after COVID-19 restrictions. Consequently, despite performing exceptionally well during the early stages of the bull run that began at the time of the breakout of COVID, the sector has been underperforming recently. The second question is, is this downturn an opportunity for long term investors or not. Given the way things are changing, whether it is China plus plus one or for that matter policy focus on manufacturing there are good reasons to believe that some of the agro chemical companies will do well as they do two things, expand their product portfolio and also backward integration.
Not in good books today, but better placed for long term : 4 large cap stocks with upside potential of upto 36%
There are phases, when bulls don't make any distinction between large or mid or small cap stocks they just push everything up. At that time, it might appear that there is no point in making a distinction between these segments of the market. But the fact is that when bearish times come or even a correction comes, the first phase is led by decline in large caps but the price wise pain is felt more in mid and small caps. While given how things are panning out for the short term we might see a phase, where large well managed, strong balance sheets and strong brand companies might appear to be stocks, where there is lack of momentum in a raging bull market, hence they can be overlooked. Some of them might be facing challenges on the business side, but the fact remains that they have a track record of being able to deal with such challenges and coming out even stronger. So, don't dismiss them, just because of short term underperformance and bad narrative on the street
Get them right and have patience; 5 smallcap stocks, 3 with upside potential of up to 20%
When it comes to small cap stock there is an interesting equation between desire and challenge. Desire keeps moving up and down but the challenge of finding the right stocks is always present. Let's just look at what happened in the last three months. In January, 2024, the desire to own them was extremely high, then came March 2024 and we saw them getting beaten like anything. Come April, as the nifty recovers, some of these small caps are making a comeback. If the market stays under the control of bulls, it is very likely that once again the small cap stocks will see higher volume and activity. So, if one is thinking of buying the small caps. just ensure a couple of things, that when the market corrects, which it will keep doing at periodic levels, your portfolio suffers relatively less. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks from small cap space which also meets some parameters like net margins and return on equity.
India’s hot summer creates winners in its pricey stock market
The coming months will also see hundreds of millions of voters attend campaign rallies and head to the polls in a parliamentary election that lasts for weeks starting mid-April. Such increased activity will likely amplify the impact of extreme weather and boost demand for products to tackle heat.
Wheat stock declaration requirement extended indefinitely
The Indian government has indefinitely extended the requirement for the wheat industry to declare their stock positions, which was initially set to expire on March 31. Traders, wholesalers, retailers, and processors are mandated to declare their stocks on a portal every Friday starting from April 1 until further notice.
Wholesalers, retailers, processors told to declare wheat stock; stock limit expires on March 31: Govt
The Indian government has directed wholesalers, retailers, and processors to declare their wheat stock position as the stock limit on wheat expires on Sunday. This move aims to prevent hoarding and speculation, keeping prices stable. Traders are required to declare their stocks on a portal every Friday starting from April 1.
Stable policy, stronger balance sheets make them ready for another round of re-rating? 6 sugar stock with upside potential up to 44%
If one was to look at the history of the sugar industry. Two things would stand out, their balance sheet was ridden with debt. Why it was ridden with debt because it is an industry where the policy and political interference was maximum. Second, the companies used to dread the time when elections were coming closer. The reason was simple, in order to please the vote bank, there would be announcements which would put pressure on the industry. The top most being the hike in the minimum support price (MSP) or fair remunerative price as it is called by this name also. It is essentially the minimum price at which sugar mills are supposed to buy sugar cane from farmers. But things have changed for the better in the last ten years and debt numbers and also stock prices are clearly showing that. There is no arbitrary change in policy around election time. The question is whether a better debt situation would lead to stronger re-rating this time?
Wheat stock with Food Corporation of India falls below 100 lakh tonnes for the first time since 2018
The Food Corporation of India (FCI) has reported a decrease in wheat stocks, falling below 100 lakh tonnes for the first time since 2018. However, rice stocks held by FCI currently exceed four times the buffer norm. Despite the drop in wheat stocks, the current level remains above the statutory buffer stock requirement. FCI anticipates a notable improvement in wheat procurement this year.
Is the worst behind them? 5 agrochemical stocks with upside potential of up to 38%
Majority of businesses have a cycle of ups and downs. The question is whether the downs are cyclical in nature or they have come up due to one off event. If they are cyclical in nature then is the cycle likely to turn around soon or not ? In the case of a one off event then whether that event's impact is going to be over or will have a deep impact or not ? In the case of the agrochemical sector there is a mix of both, it has an element of cyclicality because of the fact that it takes care of sectors like agriculture where there is seasonality and that brings in an element of cyclicality in agro chemical business. Also there has been one off event in terms of over inventory plaguing the industry globally. Will this be over, while it might be too early to say anything in an industry where China is the dominant player, but surely it would be worthwhile to bring them back on the watch list.
Govt halves wheat stock limit to prevent hoarding, fight food inflation
In a bid to ensure ample availability of wheat and stabilize prices, the Indian government has announced a reduction in the stock limit that traders and wholesalers can hold. According to a statement released on Thursday, the previous limit of 1,000 metric tons has now been lowered to 500 metric tons.
India's corn supplies tightening on strong local demand: Global trading firm Louis Dreyfus executive
Strong domestic demand is putting pressure on India's corn supplies, leading to a tightening of the corn balance sheet, according to Garima Jain, Deputy CEO and Head of Grains for India at Louis Dreyfus Company. India, which has been a key corn exporter in Asia, is experiencing a decline in shipments due to increased local consumption.
ET Explainer: How BJP’s poll promise in MP, Rajasthan may distort wheat market
The BJP's election promise to buy wheat from farmers in Madhya Pradesh and Rajasthan at Rs 27 per kilogram contradicts the central food ministry's strategy of suppressing open market prices to ensure higher procurement at the minimum support price (MSP) of Rs 21.75 per kilogram.
Consumption is the best pack. PSU banks best positioned to get inflows: Sunil Subramaniam
“I expect these consumption-related stocks, sector earnings to be better and some amount of capital drag to come in so that capital will push up the prices there. From a tactical point of view till the elections, rural-oriented consumption is probably going to get a little more capital and tactically, it makes sense to allocate a little more into that at this point in time.”
Biofortified seeds with focus on nutrition, food security in works
According to the official, the effort is also to improve India's ranking on the Global Hunger Index where the low ranking for India is not because of low availability of food but for the low nutritional value of the existing crops that results in malnutrition in India's newborn children and females.
Enough sugar stock for more than 3 months: Food secretary
“For sugar, the rains were deficient in August. However, the heartening feature is that since the beginning of this month, the rains have been good as a result of which the crops have revived particularly in Maharashtra and Karnataka. Edible oil stocks are much more than what we had last year compared to last year when we had about 23 lakh tons of stock at this time. It is about 37.3 lakh tons this year.”
Sale of wheat, rice to states under OMSS stopped to maintain adequate buffer stocks, control prices
India has discontinued wheat and rice sales to states via Open Market Sale Scheme (OMSS) in an effort to control inflationary trends and maintain adequate stock levels under the central pool after the expected shortfall in monsoon rains due to El Nino. The buffer stocks of wheat under the central pool is reportedly much higher than the buffer norms requirement.
Small towns stocking up on branded kitchen staples
Kitchen staples marketers Gemini Edibles & Fats India, Adani Wilmar, and GRM Overseas confirmed a shift from unbranded to branded products in tier-2 and tier-3 markets as brands have cut prices.
Market outlook positive but IT continues to deteriorate: Sandip Sabharwal
The overall market outlook is positive, but the IT sector continues to deteriorate, says Sandip Sabharwal. IT companies may not benefit from a declining US dollar and a lack of big upsides may dissuade investors.While companies have been trying to push volumes into the market due to subdued consumer demand, higher promotional and advertising expenses may have also led to the miss from Dabur. HDFC and HDFC Bank are expected to continue doing well in a positive fund flow scenario.
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