Hot Chips
Ali On Content / 03 Aug 2009
Nagarjuna Fertilisers & Chemicals has witnessed a spur in investors’ interest and has added significant open interest in the futures and options segment
Nagarjuna Fertilisers & Chemicals
BSE Code: 500075
Volume: 2602008
CMP: 35.25
For Q1FY09, the company, despite recording a massive de-growth in its topline, has managed to almost double its bottomline owing to its operating efficiency. As per an institutional report, the company is expected to be a good bet considering the 2009 budget’s focus on rural as well as agricultural development.
The counter has witnessed a spur in investors’ interest and has added significant open interest in the futures and options segment. A leading technical analyst has given a short-term buy call on the counter with a price target of Rs 42. Thus investors with short to medium-term perspective can plan to add this stock to their portfolio and earn decent profit.
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