Positive on PLI beneficiary stocks; like Vinati Organics, Tata Steel, Laurus Labs: O’Neil Global – News 24-7 Live News 24-7 Live
Positive on PLI beneficiary stocks; like Vinati Organics, Tata Steel, Laurus Labs: O’Neil Global

Positive on PLI beneficiary stocks; like Vinati Organics, Tata Steel, Laurus Labs: O’Neil Global

“We are positive on production linked incentive (PLI) beneficiary stocks,” said Randy Watts, CIO of O’Neil Global Advisors, on Tuesday. Watts said that they like Dr Lal PathLabs, Laurus Labs, and Apollo Hospitals Enterprises in the midcap pharma space.

Speaking in an interview with CNBC-TV18, he said, “I do like PLI beneficiary stocks and India is going to be a big beneficiary as offshoring moves from China into India. One thing that has happened due to pandemic is a lot of the global companies are trying to diversify their supply chain. They found that they have been too dependent on certain countries like China, I think that’s going to go to India’s benefit.”

“We like a lot of the generic manufacturers in India. We also like lab companies like Dr Lal PathLabs, Laurus Labs and obviously, the hospital companies are doing well like Apollo Hospitals. So we do like healthcare in India. The other one I like is Vinati Organics in the specialty chemicals space,” said Watts.

News Source: CNBC TV 18

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