BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
The passing of Farm Bills, 2020 by the India government recently is likely to increase the availability of buyers for farmers’ produce, by allowing them to trade freely without any license or stock limit to aid further price discovery.
This breaks the stranglehold by the mandi over the farm procurement and opens up new selling options to farmers.
We believe in the long term, this will aid in developing the futures and forward market of perishables and lead to an increase in demand for cold storage infrastructure.
We believe cold storage equipment market in India should be approximately Rs 8 billion, where Blue Star Ltd. is the market leader followed by Western India.
Given the leadership in cold storages, Blue Star may benefit from the implementation of these policies, while Voltas Ltd., which is currently not in cold storage, can look at a potential opportunity.
We believe near-term impact will be nominal unless food processing takes off in a big way and retail is modernised.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR