Jan 27 2024, 08:07
4 mid & smallcap stocks to play changing rural economic matrix:
A large part of India's rural economy is about agriculture, in the last couple of years, there has been an effort on the policy level that other parts of the rural economy which are not agricultural related get the boost. So be it horticulture, animal husbandry and fishing all of them have been a push in one form or other to increase both productivity and income levels. From an investment perspective, there are few players which are listed as a large part of this is still with smaller players who operate on a regional basis.
For some time the government has been focussing on specific industries which don't come under agriculture but still are very important for both increasing the income of marginalised sections in coastal and rural areas. For example, shrimp farming, animal husbandry all these have seen policy level development in the last few years. All these efforts will have an impact on the bottomline on companies which are directly or indirectly part of this whole supply chain of fisheries, poultry and related industries.
This support has come in many ways, by setting up institutions which help the industry, by giving grants and also in some cases direct subsidy. So whether poultry exporter to supplier of vet medicines and feeds for the animal husbandry segment to a seed company, all these have seen underlying improvement in their macro environment.
As all businesses have some risk, in the case of these companies there are also some risks, right from an erratic monsoon which may impact the demand of seed to any kind of disease which may spread in the case of the poultry industry.
The list comprises companies with a target upside potential of 21 percent from this space. The stocks collated with data from the latest Stock Reports Plus report dated Jan 26th 2024. The list has then been sorted with the highest potential stock coming on the top of the list.
Agri/Rural Sector stocks - Upside potential
Jan 26, 2024
Company Name
Avg Score
Hester Biosciences
3
Reco
Analyst Count
1
Upside Potential %
21.8
Inst Stake %
0.4
Market Cap Type
Small
Market Cap Rs Cr
1,279
Company Name
Kaveri Seed Co
Avg Score
10
Reco
Buy
Analyst Count
3
Upside Potential%
20.8
Inst Stake %
15.4
Market Cap Type
Small
Market Cap Rs Cr
3,734
Company Name
Venky's (India)
Avg Score
7
Reco
Analyst Count
1
Upside Potential %
15.3
Inst Stake %
1.0
Market Cap Type
Small
Market Cap Rs Cr
2,763
Company Name
Godrej Agrovet
Avg Score
9
Reco
Hold
Analyst Count
7
Upside Potential %
8.4
Inst Stake %
14.4
Market Cap Type
Mid
Market Cap Rs Cr
10,255
* Calculated from highest price target given by analysts
source: et
Jan 27 2024, 08:25
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