Bearish on fertiliser stocks: Deepak Mohoni

In a chat with ET Now, Deepak Mohoni, Director, trendwatchindia.com, shares his views about fertiliser stocks.

What is the call on fertiliser stocks?

They have not been great participants in this rally anyway, the rally while it lasted. So not much relative strength on their side. Coromandel continues to be the most defensive of the fertiliser stocks because the percentage decline the draw down that you would see from any peak it reaches is usually lower, even in adverse market condition. The fall that it will get make it outperform the Chambals or RCFs and RCF would be possibly the weakest stock at the moment. So the rally is not helping fertilisers very much but they do tend to come into their own every now and then.