HDFC Securities is bullish on Chambal Fertilisers has recommended buy rating on the stock with a target price of Rs 100 in its research report dated February 10, 2017.
HDFC Securities' research report on Chambal Fertilisers
CHMB is putting up a new urea facility of 1.3mTPA (capex $ 0.9bn, on-stream by Jan-19). RoE from this will be in the 12-20% range, based on the gas price and IPP of urea. Maintain BUY with a TP of Rs 100/sh (10x 12 months rolling fwd EPS).
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