Up to 128% rally in 1 month: What is lifting fertiliser stocks on Dalal Street?
Majority of fertiliser stocks in the domestic equity market have managed to deliver a robust return to investors during the past one month
- Dec 21, 2022,
- Updated Dec 21, 2022 1:32 PM IST
Majority of fertiliser stocks in the domestic equity market have managed to deliver a robust return to investors during the past one month. On an average, the sector has gained 23.30 per cent since November 21, 2022. On the other hand, the benchmark equity index BSE Sensex increased by 0.91 per cent during the same period.
Sharma is bullish on Deepak Fertilisers and Southern Petrochemical Industries from the fertilizer space. “Deepak Fertilisers is set to demerge its mining chemicals and fertilisers businesses with the composite scheme of the arrangement which will enhance the operating efficiency, increase cash flow and fortify the balance sheet of the company.”
Brokerage Prabhudas Lilladher in November gave a ‘Buy’ rating to Chambal Fertilizers & Chemicals and Coromandel International with a target price of Rs 410 and Rs 1,200, respectively. Shares of Chambal Fertilizers traded at Rs 305 on December 20, while Coromandel International was at Rs 925.
Majority of fertiliser stocks in the domestic equity market have managed to deliver a robust return to investors during the past one month. On an average, the sector has gained 23.30 per cent since November 21, 2022. On the other hand, the benchmark equity index BSE Sensex increased by 0.91 per cent during the same period.
Sharma is bullish on Deepak Fertilisers and Southern Petrochemical Industries from the fertilizer space. “Deepak Fertilisers is set to demerge its mining chemicals and fertilisers businesses with the composite scheme of the arrangement which will enhance the operating efficiency, increase cash flow and fortify the balance sheet of the company.”
Brokerage Prabhudas Lilladher in November gave a ‘Buy’ rating to Chambal Fertilizers & Chemicals and Coromandel International with a target price of Rs 410 and Rs 1,200, respectively. Shares of Chambal Fertilizers traded at Rs 305 on December 20, while Coromandel International was at Rs 925.