Meghmani Organics, a maker of pigment and pesticide products, is in focus as normal monsoon will likely improve the prospects of the company's agrochemicals business.

The Ahmedabad-based company operates in three key segments; pigments, agrochemicals and basic chemicals.

“We believe that agrochemicals will have 15-20 percent growth this year. We have internal target of grow by at least 15-20 percent this year,” Ashish Soparkar, managing director of the company told CNBC-TV18.

Soparkar expects similar growth for the company's pigments and basic chemicals businesses.

“If monsoon is good, Indian prices are good then we will sell more in the domestic market,” he added.