Buy National Fertilizers; target of Rs 132: Firstcall

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Buy National Fertilizers; target of Rs 132: Firstcall

Firstcall India Equity Advisors is bullish on National Fertilizers has recommended buy rating on the stock with a target of Rs 132 in its June 23, 2010 research report.

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Firstcall India Equity Advisors is bullish on National Fertilizers has recommended buy rating on the stock with a target of Rs 132 in its June 23, 2010 research report.

"At the current market price of Rs 114.50, National Fertilizers is trading at 25.29 x FY11E and 19.99 x FY12E respectively. We estimates earnings for FY11E is Rs 18.39 and FY12E is Rs 23.26 for each share. National Fertilizers forays into green power generation with an proposed project, worth Rs 72 crore., so we recommend buiy in this particular scrip with a target price of Rs 132 for medium term investment," says Firstcall India Equity Advisors research report.

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