Key Points
We will see more and more rural spending pick up with the crop season, with a lot of announcements, as well as a huge festive season ahead..
I expect the rural economy stocks to start picking up a little bit from here on.ETMarkets.com..
Their cigarette volume growth even last quarter was 8%, led by market share gains, as well as reduction in the illicit and smuggled trade and the FMCG business in particular, I think it is at an inflection point..
QIP reinforced the confidence of the market that they can sustain 30% plus growth, which there were some concerns after two quarters of slightly soft growth, I would say and with a Rs 3 lakh crore loan book, average ticket size being so low, if they can still manage net NPA of less than 0.5% and gross NPA of sub-1%, they have been very prudent...
With the festive season picking up, a long marriage season ahead, overall Q3 is a better quarter for consumption and it should do well and so will most of other new-age digital lenders like Poonawalla Fincorp..
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