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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.
Https://www.rediff.com/business/report/quality-control-orders-what-does-this-mean-for-domestic-industry/20240425.htm
This measure is possibly in anticipation of low sugar production during the current crushing season from October 2023 to September 2024 after a weak monsoon, particularly in Maharashtra and Karnataka, which are major sugarcane producers.
“Even though the ethanol volumes are going to take a hit for sugar companies, the margins may not be that impacted as it would be on the top line. So far, B and C-heavy ethanol, the margins could be between 27% and 30%. For juice-ethanol, it will be 15- 20%.”
Hotel companies, which have experienced substantial share price gains in the past six months, are not only expected to post robust revenue growth in the seasonally weak July-September quarter (second quarter, or Q2) of 2023-24 (FY24), with the trend continuing in the second half (H2) of FY24, but according to some analysts, they will also benefit from a structural uptrend in progress. To begin with, larger players in the listed hotel sector are expected to report strong growth in Q2 compared to the year-ago quarter. Led by higher demand from the business segment, the sector is expected to achi...