Outlook: As per our previous update, the MSP hike for FY2021 has continued with key crops' price being raised by an average of ~4%. With most regional reservoirs consistently clocking healthy water level (> 10-year average) and the normal monsoon that we have recently witnessed; we stick to our view of low rural water woes for the coming year. Based on lockdown led pent-up production and sales surge in FY21, we...