Indian stocks: A heavy monsoon season is great news for these Indian stocks

Indian stocks: A heavy monsoon season is great news for these Indian stocks

Stocks of Indian firms that earn a large chunk of their revenues from the nation’s hinterland are showing signs of a revival, as traders bet that bountiful monsoon rains will lead to better crop yields and boost rural demand. Motorcycle manufacturers, farm-equipment makers and producers of fast-moving consumer goods have rallied following forecasts of timely … Read more

Tractor sales: Tractor sales in India hit a rough patch, reflecting rural economic slowdown

Tractor sales: Tractor sales in India hit a rough patch, reflecting rural economic slowdown

Tractor sales in India, a proxy for rural economic health, have seen a steep decline in key states in the west and south in the first 9 months of the fiscal year, dragging overall sales down 4% in the world’s largest market for the equipment. This follows record growth in FY23. Maharashtra saw a 33% … Read more