D D Sharma of Anand Rathi Securities, is of the opinion that one can accumulate Indian Acrylics at every decline.
Sharma told CNBC-TV18, "Indian Acrylics is a risky stock. The risk is of the raw material because of the oil price hike. The basic raw material acryl and nitrile is rising and that is putting pressure on the margin. Once the oil prices stabilize, or raw material prices stabilize then looking at the potential demand of acrylic fiber, this company should slowly improve its performance. One can accumulate the stock at every decline. It is a good buy at around Rs 14-15."
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