Rural recovery as a theme to continue in 2021

Jyoti Pathak
Registration No.: - 11910540
 About Karvy Capital

• Karvy Group incorporated in 1979.

• Karvy Group is a premier and leading integrated financial services group.

• Over 67 million investors in various capacities.

• Karvy Group also covers the entire spectrum of financial services.

• Karvy Capital Ltd is the Asset Management of Karvy Group.

• Diversified financial services conglomerate in India

 Rural demand will continue to go up

• Kunj Bansal, CIO, Karvy Capital said ural demand will continue to go up and the
whole sector of agrochemical, pesticides manufacturers will be beneficiaries.

• Slowdown of the last nine, 10 months has been India’s agri economy.

• Farmers will invest more back in either the same crops or in different crops or in
some cases cash crops or faster crops or things like that.

• They will also have the cushion of surplus earnings.

 What is aiding the renewed optimism in the cement sector?

• When markets keep moving one way, the demand for stocks has been coming in continuously.

• It is liquidity which is driving the markets now.

• That participation could be as low as one-two days period, one-two week, or one-two months because we have
been seeing the market continuously moving one way.

• It was the consumption stocks including paints and that is the kind of sectoral rotation that has been happening.

• The volume growth as per the secondary market check seems to be continuing in the December quarter.
 HDFC has been a strong mover this week. It is always a
preferred play but do you see potential in housing finance
as a theme going ahead in the New Year?

• HDFC is one of the decent weighted stocks in the Nifty index in general in the financial sector and is one of the largest
NBFCs as well, leaving aside the banks.

• The demand itself has been picking up in the real estate sector, in residential properties

• HDFC is the largest finance company and has the largest market share.

• The financials are not a concern and with the recovery in demand, the company is likely to get benefitted
Thank You