Styrolution ABS holds potential to move up: G Chokkalingam

In a chat with ET Now, G Chokkalingam, Equinomics Research & Advisory, shares his views on Styrolution ABS.

ET Now: A midcap idea, something that you have looked at recently which you believe holds potential to move up over the course of the next six months irrespective of the election outcome.

G Chokkalingam: Styrolution ABS. It is a play on revival of economy because its products are supplied across vast number of industries. Styrolution ABS is a joint venture of $100 billion BASF.

The stock has come down from Rs 800 to this level in the last three years and already they tried for delisting which failed and it is a subsidiary of BASF and there is a lot of scope of delisting, even if it does not happen, there is scope for fundamentals improving because its products are supplied to vast number of industries.