Coromandel a good long term bet: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now talks about fertilizer stocks.

Talking about fertilizer space, do you notice any of them on the chart sudden spike in them?

There is definitely quite a run up happening in fertilizers. It has gained a lot of momentum in the last 6-7 weeks and all of them are looking pretty good now. I would go with Chambal or Nagarjuna simply because they are the most heavily traded and they are in F&O as well. So short to medium term they look excellent.

In long term, there is only one stock really which has got a sustained run up through all kinds of market conditions and that is Coromandel. Also it does not tended to fall very much in decline but it would not shoot up as quickly as Chambal or Nagarjuna in these kind of market condition. So short to medium term traders could go with Chambal, Nagarjuna, for longer term investors, Coromandel is probably a better bet.