There is nothing wrong in looking at short-term opportunities. But don’t lose sight of macro sectoral trends in the process. When macro changes take place in a sector, many companies are impacted and get re-rated. Pumps and allied spaces may appear to be related only to the agriculture sector, but they are actually at the intersection of agriculture, technology, and environmental management. The challenges of water scarcity, climate change, and growing global food demand will ensure that, over the coming decades, policymakers, in this case the government, give direct or indirect support to this sector. Which means higher growth for these companies.
