Apart from the sectors mentioned by Hitesh, I think the following ones might do well too:
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Commercial vehicles – the government has disallowed vehicles more than 15 years of age to ply on the roads, and capex from transport companies has been long overdue. A lower interest rate regime should also help.
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Chemicals – same reason as that of OMCs. Cheaper crude will result in lower RM costs. However, most chemical companies have low pricing power, so margin expansion will be muted. What might help is an uptick in mining activity, textile sector and other end users.
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Tea companies – have not researched this in detail, but El Nino in Ethiopia should lead to higher prices. India might be affected though too
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