Avoid fertliser stocks: Ashwani Gujral

Ashwani Gujral, Fund Manager, Ashwanigujral.com, in a chat with ET Now, gives his call on fertiliser stocks


What is the call on some of the fertiliser stocks?

These stocks are not really high beta and probably are more defensive. So there could be some upside but not substantial upside. Chambal Fertiliser is getting off that Rs 65 support, generally tends to move towards Rs 84-85 in a good market. So Rs 65 is the short term support here. Similarly in RCF maybe we could see levels of about Rs 65 but broadly these are extremely range bound stocks. I would think what will go up the most in this pullback is where you have large short positions and probably fertiliser is not one of those sectors.