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“We are in the midst of an agri export boom cycle. Typically these cycles last just between two-and-a-half and three years. We have already seen two years of buoyant exports as agri exports rose by about 20 odd percent in FY22 and that was primarily led by wheat, rice and dairy products. The Russia-Ukraine war may extend the cycle by six months to a year.”

The stock quoted a 52-week high price of Rs 2294.0 and a 52-week low of Rs 1060.4.

NEW DELHI: After years of underperformance, ITC stock has finally started beating market returns and if one were to believe in Edelweiss Securities, there are not one or two, but six factors that could drive further rerating in the stock. The brokerage said since it made ITC among its top stock picks five weeks ago, the stock has since run up 16 per cent, outperforming the Nifty50 by 910 basis points."Globally too, cigarette stocks have done well (up 4–11 per cent in one month). No tax hike for cigarettes over the past two years would help the legal industry gain market share and aid cigarette volume growth in FY23," it said.Here are six factors that Edelweiss believes could bring a further re-rating on the counter.

“Corrective market prices due to sentimental reasons could prove to be a buy opportunity. TCS, Infosys could be getting victimised by the selloff happening because of the ETFs of the world taking out money, but the mid-tier IT companies remain relatively stronger on that front and may end up attracting the investments.”

“Since December of last year, we have been telling our investors to keep some gun powder dry. You would have heard from me before that there is no need to hurry over the next three to six months. One can systematically add to exposures. From a three-year time frame and not doing a mark to market in the interim, the returns would be at least 10% plus.”

A total of 6,386 shares changed hands on the counter till 01:59PM (IST)

HG Infra Engineering Ltd., incorporated in the year 2003, is a Small Cap company (having a market cap of Rs 4006.72 Crore) operating in Infrastructure sector.

Counter Cyclical Investment’s Long Term Value Investment strategy came in second to deliver 121 per cent return. The fund holds 49 stocks, all smallcaps, in the portfolio. Its top five holdings are Ambika Cotton Mills, Orient Bell, Allcargo Logistics, Garware Hi-Tech Films and Apollo Sindoori Hotels.

These sectors are two that hold much importance as growth engines of the capital expenditure cycle – private industrials and real estate.

Following a 25-basis-point rate hike in March, the Fed is now widely expected to lift rates by 50 bps at its next meeting in May.