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With monsoon likely to be normal this year, these 12 stocks can give up to 52% return

A good monsoon will likely bring a bumper harvest that will ease supply-side constraints and will also help in curbing inflation, say experts

April 29, 2021 / 02:39 PM IST
 
 
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The country is expected to get a normal monsoon this year, which is expected to boost income in rural India that contributes 53 percent to the GDP. The forecast of a normal monsoon, the lifeblood of Indian agriculture, has been supporting the market.  The Nifty50 has gained 5 percent from recent lows, though it is still some distance from the record highs seen in February.

A good harvest would go a long way in taming inflation, which has been a growing concern as the second coronavirus wave rips through the country threatening the nascent economic recovery, say experts.

"It should be good for crops and thus the economy as a whole, especially given the current backdrop of the second wave of COVID-19 cases," brokerage Motilal Oswal said.

Tractors, two-wheelers, auto, rural financing, agrochemical and select FMCG companies are likely to benefit from a good monsoon, the brokerage said.