Agri input players gain momentum on prospect of an improved Rabi season

Coromandel International, PI Industries may be some of the beneficiaries

Many agri input companies continue to gain momentum with improved rabi season prospects, which is expected to drive their performance. While companies such as PI Industries and Coromandel International trade near their 52-week highs seen recently, others like Rallis have rebounded and are up about 24 per cent from their May lows. There could be more gains in the offing as well.

Improved soil moisture and higher water reservoir levels after a good monsoon provide confidence regarding sowing in the rabi season. Analysts at Reliance Securities believe that the current rabi season would be in stark contrast to that of last