Bearish on United Phosphorous and Jain Irrigation: Seshadri Bharathan, KSEMA Fincon Ltd.

Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd. spoke to ET Now on United Phosphorous and Jain Irrigation.

What is happening with United Phosphorous, Jain Irrigation, a lot of these are bit soft in trade while just smaller ones have done well, larger ones have not, what is happening here?

United Phosphorous is news specific because one of their plants has been shut down today and that is why you are seeing the stock reacting is down 4%. As far as Jain Irrigation goes, it is more to do with monsoon progress and we have seen that there is clearly 8% deficit over average normal monsoon every year. So that is one of the reasons why Jain Irrigation stock might be down.