Gautam Chhaochharia of UBS says the market has reacted positively to forecasts of a good monsoon and the impact of monsoons on actual rural demand can be seen only post monsoons.
He continues to be underweight on two-wheelers as the industry structure remains unattractive, the incumbents' product portfolio is not geared to growing parts of the industry and a low operating leverage business model is implying no material impact of volumes uptick on earnings.
He has a buy rating on Maruti Suzuki and Mahindra & Mahindra. Chhaochharia says his preferred picks on the monsoon theme would be Coromandel International and Emami.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
