Expect good momentum for fertilizers; have positive bias on corporate lenders, says SP Tulsian

When asked about fertilizer space, he said, “Rabi crop has seen very good sowing and when good sowing starts you need fertilizers after 30-45 days. Prior to that the shipments to the dealers start. I think there will be record rabi crop probably because we have seen the water reservoir level at all-time high, be it at the district or state level."

Wheat sowing has seen at a record level in Punjab and north belt like Madhya Pradesh, Uttar Pradesh as well and so fertilizer consumption will take place, he said. "So fertilizer, pesticide and agrochemicals - all 3 should be looked into but in terms of pecking order, fertilizers starts moving up first and then after couple of months you require agrochemicals to preserve the crop. So, because a bumper record of rabi crop is seen, the fertilizer sector is showing good momentum,” he added.

On real estate front, he said there is confidence seen returning to the space and uptick in sales is happening in and around central Mumbai. “Indiabulls Real Estate and Bombay Dyeing in spite of having good presence in central Mumbai at Wadala and Prabhadevi – both the stocks had taken good beating in last 2 or 3 months but now both have risen by about 15-20 percent. So, maybe there is return of the value due to interest returning into the mid and smallcaps in the space, Bombay Dyeing has seen an upsurge, he said.