Buy Chambal Fertilisers With Stop Loss Of Rs 74

Buy Chambal Fertilisers With Stop Loss Of Rs 74Technical 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.