Covid-19 impact: Lockdown relief to agricultural activities lifts sentiment

Manufacturers of fertilisers, agrochemicals and tractors stand to benefit

Stocks of agriculture-related firms — such as fertiliser, chemicals, seeds, and equipment makers — were in focus on Wednesday, after the government provided relaxation to farming and rural activities after April 20.

The measures bode well for these companies and put to rest concerns related to the impact of lockdown on crop harvesting and procurement activities. On Wednesday, the India Meteorological Department gave a forecast of normal monsoon, adding to the relief.

Investor sentiment received a boost, with earnings outlook for agri-related firms like PI Industries, UPL, Rallis