Monsoon forecast: Agri input, consumption stocks to ride high

As of now, Met's prediction of normal rain could lead to more gains for scrips in these sectors

India Meteorological Department’s (IMD's) prediction of a normal southwest monsoon should lead to improving of farm incomes boosting sectors dependent on health of the rural economy. 

IMD has predicted that rain during the June to September monsoon season will be normal at 96 per cent of the Long Period Average (LPA). 

Among the beneficiaries are agricultural input segments such as seed and fertiliser, as well as tractor and consumption goods stocks. Mohan Lal of Kotak Institutional Equities believes with farm incomes expected to see healthy improvement, agri inputs should see higher demand. The brokerage is positive on Dhanuka Agritech, Rallis