3 reasons metal pipe stocks are going up now: Chakri Lokapriya

The demand for real estate, lower input costs, and the revival of volumes from the agri-sector are boosting pipe companies, says Chakri Lokapriya, CIO and MD at TCG AMC. He also notes that India has overtaken China in terms of population but has a long road to cover on per capita GDP. Although luxury and semi-luxury urban stocks are performing well, the rural end of the market is yet to recover. Lokapriya recommends sticking to leaders in each segment of the bifurcated auto space.