Buy Chambal Fertilisers With Stop Loss Of Rs 74
Technical analyst Rajesh Agarwal of Eastern Financiers Ltd maintained 'hold' rating on Chambal Fertilisers & Chemicals Limited stock with a target of Rs 83.
According to analyst, the investors can buy the stock above Rs 78 with a stop loss of Rs 74.
The stock of the company, on January 25, closed at Rs 76.05 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 104.80 and a low of Rs 54 on BSE.
Current EPS & P/E ratio stood at 7.27 and 10.44 respectively.
Chambal Fertilisers and Chemicals registered an increase of 34.7% in its net profit, which stood at Rs 107.42 crore for the three month period ended December 2010 as against the corresponding period, an year ago.
Chambal Fertilisers had recorded a net profit of Rs 79.74 crore during the same period of December 2009.
During the October-December period of 2010-11, the company's net sales surged to Rs 1,352.80 crore as compared to Rs 1,141.66 crore during the same period of last year.