Stocks Benefits by Atmanirbhar Bharat Abhiyan | Make in India Related Stocks

Stocks Benefits by Atmanirbhar Bharat Abhiyan

Make in India Related Stocks:

  1. Relaxo Footwear
  2. Everready
  3. Kajaria Ceramics
  4. Dixon Technologies
  5. Whirlpool India
  6. L&T
  7. Alkyl Amines
  8. Navin Fluorine
  9. Galaxy Surfactants
  10. Adani Ports

it’s a perfect storm that can change indian industry once and for all the standoff with china in eastern ladakh presented an extraordinary opportunity to share our dependence on beijing and prime minister narendra modi seized upon the opportunity to give a clarion call to the industry to become self-reliant but has the industry benefited from the self-reliant mantra or did it lose its way trying to wriggle out of the logistics challenge so i i think what’s happening is the barriers are coming down yeah and the one way to look at it is that’s being driven by the hardship that we’re all facing in in the marketplace caused by a completely different phenomenon namely a virus that’s overtaken the world i think i think in in many ways the smokestack industry finds it difficult to change all the the entire supply chain can improve on it but it’s by and large tweaking it compared to what’s happening in the digital area no doubt it’s a long road ahead for the domestic industry and the entrepreneurs are still trying hard to ensure a smooth transition yet some companies have already had a windfall benefiting from the atma nirvana the spirit of self-reliant india was evident from the fact that from zero production of personal protection equipment before march 2020 india produced two lakh ppe kits daily by may 2020 in july the country started exporting 23 lakh ppe kids to the us uk slovenia and the uae the incremental ban on around 200 apps in tranches was followed by the commerce ministry’s decision to make it mandatory for sellers to mention the country of origin on the government e-marketplace it was initiated to provide stimulus to make in india and atma barbara initiatives but banning apps ensuring that shipments take much longer to be released by customs or making it mandatory for sellers to mention the country of origin on the government e-marketplace wasn’t enough it had to be followed with a series of reforms that would make it much easier and hassle-free for the domestic industry to do business and the government did go ahead that provided a philip to domestic industry these reformed policies and ease of doing business aided the indigenous companies to revamp strategize and perhaps relaunch themselves in the market stocks of indian companies such as ever ready micromax zen technologies relaxo have got much required momentum because of atmanerval bharat campaign but there are some companies who stole a march over others here’s a list of five companies that have gained the most from athman albert micromax micromax started off as a made in india success story it was ranked among the top 10 global handset vendors with a 1.8 percent market share for quarter one 2015 but it lost out to chinese handset manufacturers such as oppo vivo gionee and xiaomi reports suggest by 2016 micromax’s market share had fallen to nine percent and by 2018 they only had 3.4 percent of the market however after a long hiatus micromax has made a comeback in the indian smartphone segment riding high on anti-china sentiments micromax has now unveiled a new made in india smartphone series called in the production linked incentive scheme that is pli under the atmanir verbharat has been a welcome move by the government what is pli scheme the pli scheme extends an incentive of four to six percent on incremental sales of goods under target segments that are manufactured in india to eligible companies for a period of five years subsequent to the base year rahul sharma co-founder of micromax even said that the new pli scheme balances out foreign and indian players the support of 6 is big and with the government support we will be able to fight chinese brands fiercely on the pricing front ever-ready battery the battery manufacturers reported over a three-fold jump in consolidated net profit to rupees 57.22 crore for the september quarter helped by improved gross margin and lower cost of operations the company had posted a new net profit of rupees 18.11 crore in july to september 2019. the company’s performance was aided by the bureau of indian standards implementation of quality standards it led to import of batteries from china diminish greatly eveready industries md amritan shukhetan stated that the industry is likely to witness five to seven percent volume growth in the coming years kajarya ceramics kajaria ceramics is the largest manufacturer of ceramic and vitrified tiles in india the anti-dumping duty imposed on china by many countries including the us brazil indonesia has favored indian tiles and sanitary wear manufacturers the china plus one strategy which refers to avoiding investing only in china and diversifying businesses into other countries have also added an advantage according to indian tile manufacturer kajarya ceramics saw a significant sequential improvement across business verticals and geographies the performance in quarter two in the current financial year turned out to be quite robust with a flattish top line the ebitda jumped 37 percent yoy to rupees 144 crore as operating margins widened on the back of an organizational realignment and cost optimization initiatives kajaria’s business segments like bathware grew 24 while plywood grew by 23 percent bharat electronics the defense public sector undertakings decision to branch out to manufacturing ventilators saw sizable revenue from ventilator sales in the second quarter reports suggest during the last quarter revenues grew nineteen percent y o y while ebitda was up fourteen percent bharat electronics has a diverse business presence it is into varied defense communication products naval systems electronic warfare systems weapon systems and so on the athan program set in to motion by government of india is propelling a big boost in indian defense industry this year we have already got in excess of 5000 crores of order in the first half and we have we are in a very advanced stage of negotiations for another eight to nine thousand crores we are quite confident that this year also we will acquire orders in excess of 13 000 crores and more towards 15 000 crore relaxing india is the second largest producer of footwear globally producing 220 crore units annually but behind china which manufactures 1 420 crore units each year india’s largest footwear maker relaxo manufactures over 300 different types of shoes slippers and sandals across four brands that is bahamas sparks flight and schoolmate ramesh kumar dua managing director relax of footwear stated that each brand is now supported by a separate team for focused product design and development enabling us to launch over 200 products in 2019 to 20. the indian footwear industry is estimated to be between rupees forty thousand crore and rupees eighty thousand crore of which the branded non-leather market is about rupees eighteen thousand crore with relaxor holding a nine percent market share by net prices relax or reported a net profit of rupees 75 crore in q2 fy21 up 5.6 as compared to same quarter last year forbes reported that nearly five percent of relaxo’s business revenue comes from exports the strongest demand is from saudi arabia papua new guinea tanzania uae and panama through around 30 overseas distributors india has demonstrated that it can cope with any unforeseen situation and turn it into an opportunity the focal point of atma nirvana was to make the country self-reliant the campaign not only gave a substantial boost to the manufacturers but in the long run sectors such as r d electronics science and technology auto and ancillary agriculture pharma infrastructure are all also likely to benefit from athena and verbatim


Atmanirbhar Bharat stocks