Enter Coromandel International for long term, says Tulsian

Tulsian told CNBC-TV18, “If I need to summaries some of agri stocks one could as just now we spoke about Jain Irrigation , second could be GSFC , third could be PI Industries in the agro chemical space and even if you see the irrigation and the drip irrigation that is EPC Industries – company which is owned by the Mahindra which have been acquired and even if you take the cases like sugar, we have been very negative on the sugar and I have been holding that view but I think that there may be an exception.”

He further added, “If one can really keep a view of about 18 months because this season has already started, next season is going to be the season of shortage and if you really want to make a big money in the sugar stocks you need to start warehousing them at least 12-18 months in advance and I think with that view Shree Renuka also falls in that category. I don’t think that Shree Renuka can really fall further from here on. Rs 25 looks to be the bottom but I am not so positive on the UP mills because elections having announced in UP I think the cane areas will increase further and there won't be any regulatory or state related moves which can really control those kind of things. So there are at least 8-10 stocks which one can easily identify even amongst the fertilizer space there may be other stock which can be Coromandel international which the largest complex fertilizer maker is. So you have a mix of agro chemicals, fertilizer, equipment makers and all sorts of things which one can acquire in this space."