“Dipan Mehta recommends going slightly underweight on sectors sensitive to rural demand, including fertilisers, pesticides, two-wheelers, microfinance companies, and select commercial vehicle makers, due to the risk of a below-normal monsoon. He warns that FMCG companies with high rural exposure could face three to four quarters of earnings pressure if the monsoon disappoints.”

Dipan Mehta’s track record: 12 graded calls · 95% CI 25–75%