Bullish on select speciality chemicals stocks: Nitin Jain

In a chat with ET Now, Nitin Jain, CEO, Gloal Asset & Wealth Management, Edelweiss Financial, shares his view on speciality chemicals stocks.

ET Now: What is your view on speciality chemicals companies? These stocks were extremely active on Monday. If I am not wrong, you guys did a chemical conference as well. I remember sometime back, stocks such as SRF and Aarti Industries were quite active. Most speciality firms are exporters and a falling rupee should benefit them. These businesses are looking strong too. Do you like any of speciality chemicals stock?

Nitin Jain: These are very niche businesses. You have to bet on promoters. You have to bet on managements' capabilities to continue reinventing the businesses over a period of time.

We are bullish of some of the stocks that you have talked about. But, even as we are bullish on two-three stocks, I would not necessarily be bullish on the entire chemicals space.