Sharma told CNBC-TV18, "If we were to go by history, it has always paid off to book any profits in fertiliser business going into the budget. So especially in case where the client is sitting on a huge amount of money on profits, I think he/she needs to exit at higher levels. So currently one can hold on and take use of this."
He further added, "We could see a policy change happening and currently we are into the stage III of that pricing and that expires on March 31, 2010 and what happens next - we don't have any idea. But what we could see is the government has earlier indicated that they could go in for the little subsidizing the farmer instead of giving subsidies to the companies. But that will mean that the UID concept where Mr Nandan Nilekani is working will have to be working and proved. So that will still far away from rolling out. So unless that is done, I don't think how this policy can be worked out. So it will take a long time, so one should take profits and use a trailing stoploss."
