Somehow a narrative has been built that if one has to play on increasing rural income, it is either FMCG for two wheelers which are the stocks to look at. Yes it might have been true couple of decades back, but the fact is that in last couple of years there has been many companies which are focussed on purely on rural economy So, they sell their product on in that particular market and when there is boom in that part of the economy, the incremental addition to their margin is high. These companies form the part of the rural income chain. Both the companies which are focussed on increasing agriculture productivity and the non agriculture side of rural incomes have been in focus.
Stocks that were in focus included names like Venky s, which gained 0.32%, Gland Pharma, which jumped 4.96%, and Lux Industries, whose shares declined 2.14% on Tuesday.