Along with this, the demand for tractors, agri equipment will also increase. There may also be a possibility of lower prices of commodities like edible oil, pulses, soybean due to good harvest.
There is a lot of hope in India regarding monsoon. Farmers wait for monsoon for a whole year. Farmers are expected to get a better crop only with a good monsoon. Monsoon has arrived in many states of India. These include parts of states like Bengal, Jharkhand, Bihar, Karnataka etc. After this, let us tell you that in the coming few days, monsoon is expected to reach Rajasthan, Delhi, Uttar Pradesh and Haryana as well.
the market is affected
In many areas of North India including Delhi, the weather remains pleasant due to rain these days. At the same time, people have got relief from the heat. However, the market is also affected by the entry of monsoon. In the current era, if the monsoon remains good, then people can get relief on the inflation front too. At the same time, due to bad monsoon, people’s pockets can also be affected.
Monsoon may remain like this
The stock market is also waiting for a good monsoon. A better monsoon also increases the chances of earning in the stock market. At the same time, there are some such stocks in the market which can be affected due to monsoon. Keeping an eye on them can also give better earning opportunities. IMD estimates that this time the monsoon will be normal. Also, 104 percent of the normal rainfall can occur in the country.
Their demand may increase
Good monsoon is considered good for the farmers as well as the economy of the country. Agriculture related companies are also able to perform better with a good harvest. Along with this, there is an improvement in the income of the people living in the countryside. Apart from the agri sector, the demand for other sectors also increases due to a good crop due to good monsoon. Due to good monsoon, the demand for agricultural activities and fertilizers will increase.
These can be observed
Along with this, the demand for tractors, agri equipment will also increase. There may also be a possibility of lower prices of commodities like edible oil, pulses, soybean due to good harvest. On the other hand, eyes can be kept on Godrej agrovet, Mahindra & Mahindra, Chambal fertilizer, Titan, Deepak fertilizer, Dhanuka, HUL, MERICO for investment in the stock market in good monsoon. If experts are to be believed, then in equity, tractor companies like Fertilizer, Agri Equipment, Agri Consumption and Escort Tractor and Mahindra & Mahindra can see good demand.