Motilal Oswal - MOSL: ECOSCOPE-IMD expects normal rainfall in 2018; Forecast needs to be taken with a pinch of salt

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Motilal Oswal

Nikhil Gupta

MOSL: ECOSCOPE-IMD expects normal rainfall in 2018; Forecast needs to be taken with a pinch of salt

ECOSCOPE: IMD expects normal rainfall in 2018; Forecast needs to be taken with a pinch of salt

The Indian Meteorological Department (IMD) released its first forecast for the 2018 southwest monsoon (June-September) rainfall. It expects monsoon rainfall at 97% of the long period average (LPA). The agency has assigned 54% probability of a normal to above normal southwest monsoon rainfall.
IMD’s April forecasts for southwest monsoon rainfall are not very reliable. They have deviated from the actual rainfall significantly in four out of the last five years.
With rising tensions about farmers’ distress, general elections in 2019 and the fact that winter monsoon (January-February) rainfall in 2018 was the worst (only ~38% of normal rainfall) in at least 26 years, 2018 southwest monsoon holds special significance.

18/04/2018 2 EN

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Motilal Oswal

Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.

Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.

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Analysts

Nikhil Gupta

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MOSL: ECOSCOPE-IMD expects normal rainfall in 2018; Forecast needs to be taken with a pinch of salt

MOSL : HOME FIRST FINANCE COMPANY: Earnings in-line with sustained improvement in asset quality

MOSL : SHOPPERS STOP: Ticking the right boxes

MOSL : ERIS LIFESCIENCES: Enhanced efforts toward product launch-related activities

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