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Betting on farm laws: Why Coromandel International is the stock pick of the week
With recent agricultural reforms in place, agri input companies are supposed to be key beneficiaries.
Synopsis
Coromandel has been doing well ever since the Covid induced disturbances started easing. With the new agricultural reforms, the company is eyeing huge gains. The shift towards organic products is another reason that has made the company a favourite of analysts.
Coromandel International, the second-largest phosphatic fertiliser player of India, will be one of the key beneficiaries of the recent agriculture reforms by the government. The government decision to liberate farmers from local markets (or mandis) and allow them to sell to anyone or anywhere now will help farmers to get better prices for their products. This move will also result in farmers using better technologies and in turn, help companies