With normal monsoon forecast, rural theme getting stronger; bet on these 12 stocks The timely onset of the monsoon season from June 1 and the likely normal rainfall projects a strong outlook for the kharif sowing season, which is critical at such a challenging time.
Manufacturers intensifies health checks and sanitisation programmes amid surge in Covid cases Companies such as Toyota Kirloskar, Bajaj Auto, JSW Steel and state-run SAIL have reported Covid-19 cases among employees. There have been reports of Covid cases at Maruti Suzuki and Hyundai, but the companies have not revealed any numbers. Health screening is a standard procedure across factories and offices. The companies are also intensifying sanitisation drives at their premises.
Neutral on Bajaj Auto, target price Rs 2,895: Motilal Oswal According to the brokerage, FY21 would be another challenging year for the domestic two-wheeler industry as well as for Bajaj Auto due to the Covid-19 pandemic and its impact.