They are not exactly bellwether companies in their sectors. But their performance does indicate what is happening in the sector. Announcing its Q1 results, an MNC agro-chemical company noted: “The favorable market sentiments and stable input costs have been the primary growth drivers for our business in Q1FY25. Our outlook remains cautiously optimistic, contingent on rainfall patterns in the coming months.” This was said in July. August and September saw plentiful rainfall. Now, this month, another agro-chemical company surprised the street with its quarterly numbers, sending its stock up 10% in a single session. The performance of these companies suggests the worst may be over for the agro-chemical sector.
