Hold Nagarjuna Fertilisers With Target Of Rs 35

Hold Nagarjuna Fertilisers With Target Of Rs 35Technical analyst Hemant Thukral has maintained 'hold' rating on Nagarjuna Fertilizers & Chemicals Limited stock.

The analyst said that the stock can be purchased with a target of Rs 35.

The stock of the company, on April 07, closed at Rs 32 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 42.45 and a low of Rs 25.80 on BSE.

Current EPS & P/E ratio stood at 2.61 and 11.86 respectively.

Nagarjuna Fertilizers and Chemicals Limited inked a MoU with the Nigerian administration for building petrochemical-based fertilizer facilities in Nigeria.

Hyderabad-based company together with US oil major Chevron Nigeria Limited will build five fertilizer blending plants in various geopolitical regions of the nation.

The fertilizer plan is likely to engage investments worth $2.5 billion.

Nigeria, which aims to end gas flaring, has anticipated the introduction of 500,000 jobs via an investment of $25 billion in the route.

Oando Nigeria Plc and Italian oil giant Nigerian Agip Oil Company will mutually construct a $3 billion CPF in the country.