Positive on Coromandel: Gul Tekchandani

Gul Tekchandani, Investment Advisor, in an interview with ET Now talks about fertilizer stocks.

On the charts any of the fertilizer counters do they look like good trading plays from these levels as well?

There is just a one fertilizer stock which is in a nice established long term uptrend and that keeps making new highs and that is Coromandel Fertilizer. So it is not really a trader stock.

These other stocks were going sideways but in the last two days the Nagarjuna and Chambal are safe. They all came down very sharply so they seem to have broken down from that sideways range a little bit.

So nothing much in fertilizers, nothing that has been establish, they will have to start all over again and get into an uptrend but if you want a portfolio exposure in fertilizer then I would say go with Coromandel and there is nothing else really as an option.