The market's valuations have turned higher than long-period average and investors should be cautious and selective in picking stocks, say experts .
The Indian chemicals sector has built up world-class capabilities over the past few years and been moving up the value chain at a rapid pace.
The size of the Indian chemical industry is estimated to be around $165 billion, representing a market share of 3.4 percent in the global chemical market.
HDFC Securities selected stocks across major sectors financials, consumer, pharma, industrials, oil, automobile, cement and technology.
SP Tulsian of sptulsian.com picks two stocks as his multi-baggers for the day. He bets on KRBL and Alkyl Amines with targets of Rs 35 and Rs 200 respectively.
Alkyl Amines can touch Rs 200, says SP Tulsian, sptulsian.com. It is making amines and amine based chemicals, which are used in pharmaceutical, agro-chemical, water treatment, leather chemical processing plus many other uses also.