I am bullish on agri-related stocks: Dharmesh Pancholi

Dharmesh Pancholi, Investment Advisor in a chat with ET Now, talks about agri stocks.

A few of those agriculture related stocks like Ruchi Soya which has been up about 14% in six sessions. But we have got stocks like an REI Agro which has only seen a 5% jump for the last year. So is there lot to be gained there?

Yeah, I think see looking at a food crisis that the world is talking about there is lot of scope for these agri related stocks. I am not bullish on the market but definitely I would like to look at Ruchi Soya for that matter.

KRBL is a fantastic stock. We can see Temptation Foods which is available very cheaply. One can look at Karuturi that’s also a fantastic coming up. But I would look at on declines because I am not too sure about the market. I would like to wait and watch till Budget is out because unless and until there will be a clear cut transparent roadmap for the fiscal deficit and for the fiscal consolidation in the Budget I am not going to see that market will move forward. But so far agri related stocks are concerned, I am bullish but I will buy on declines.
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