Agri stocks attractive at lower levels: Mangal Keshav

ET Now caught up with Amit Khurana, Co-Head, Institutional Equities and Head, Research, Mangal Keshav, to seek his opinion on agri stocks. Excerpts:

What is your view on stocks like Jain Irrigation, Finolex Industries or the other agri stocks? Is that a theme somebody could look at if the Nifty were to go down to slightly lower levels than current levels?

Yes, I think so. This is one of the sectors which has been doing pretty well on the back of the government spending on creating rural infra. Jain Irrigation becomes a perfect player in this segment. One can structurally look at some of these at lower levels for sure. A substantial allocation and an increase in the allocation towards rural spending is expected and that would benefit all these companies.