Agri growth gives tractor stocks a fillip

ET Intelligence Group: While the macro-economic indicators are still in doldrums, the country’s agriculture sector is emerging as an oasis. A better than normal monsoon, higher kharif sowing, and superior crop yield support the farm income growth. This is likely to help tractor makers such as Mahindra & Mahindra (M&M), the country’s largest tractor maker, and Escorts to retain their premium stock valuations. Their stocks have gained 54%