Bullish on fertiliser stocks: Elara Capital

In a chat with ET Now, Harendra Kumar, Head of Institution Broking and Global Research, Elara Capital, shares his views on the outlook of the commodities space.

What is the call on the commodity space, especially fertilisers and sugar?

As far as returns are concerned, sugar has gone up by 175 year to date but we are not exactly too bullish at the moment. In fertilisers, over the long term, the sector is looking to unleash in terms of government regulation. We are looking for more investments but it is too early to make a comment at the moment because it is still under review. So, you will probably get trading movements here and there but structurally it is yet to take off.