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SP Tulsian maintains positive view on Pidilite and Aarti Industries

Updated : December 26, 2018 04:52 PM IST

In an interview to CNBC-TV18, market expert SP Tulsian shared his reading and outlook on specific stocks and sectors.

"In the morning I had said that one has to look for the crude sensitive stocks other than the oil marketing companies (OMCs)," Tulsian said.

Tyre stocks, paint stocks, airlines and cement stocks are going to be seen as beneficiaries of the reduction in freight rate and reduction of petcoke prices, he said.

Apart from the crude derivatives, Pidilite Industries or benzene-based stocks like Aarti Industries also looking good where the prices of raw materials have fallen, Tulsian said.

In case of Pidilite Industries, the prices of vinyl acetate monomer (VAM) have fallen by about $150 or may be 15-16 percent in the last couple of weeks and these are the stocks where one should really keep an eye on apart from the OMCs, Tulsian added.

"I don't think that OMC theme can really work on from here because they need to pass on the benefits of the reduction in the brent prices and apart from that they will be having some kind of inventory loss," he said.

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
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