Sell Nagarjuna Fertilisers: Tulsian

Investment Advisor SP Tulsian is of the view that one should sell Nagarjuna Fertilisers.

Tulsian told CNBC-TV18, "The major fund of Nagarjuna Fertilisers has remained blocked into the incomplete refinery, which they have been trying to come out. Now purely as a fertilizer play you do not have anything extraordinary expected from the company in the time to come, in fact there are better fertilizer company plays available like Chambal fertilizer or Coromandel Fertilizer, if some body really wants to take a call. So in case of the Nagarjuna Fertilisers, unless and until again if the talk of any change of management happens, with the interest of the Reliance group coming, you can probably see the renewed interest coming back in the stock but purely on fundamental basis I do not subscribe the view that there is any point in continuing with the investment and one should exit from the counter at these levels as better stock are available in the gas, ENP etc or maybe into the fertilizer space."

Disclosure: Analyst doesn't hold the above stock.