Look at agrochemical space: Deven Choksey

Deven Choksey of KR Choksey Shares & Securities told CNBC-TV18, "We have a very close eye on some of the agri stocks and we believe that companies within the agrochemical space, companies in the seed space, companies in the micro irrigation space, they are the ones who are likely to get benefited. Also considering the fact that with the fall in the crude oil prices, petro chemical prices which some of these companies are having the base raw material, they would have the advantage of lower cost at the same time. That is where we keep an eye on and we believe that this could probably remain a little safer place to stay invested or invest further into this space."

At 10:55 hrs PI Industries was quoting at Rs 663.85, up Rs 6.95, or 1.06 percent. It has touched an intraday high of Rs 667 and an intraday low of Rs 660.