Chambal Fertiliser has target of Rs 75: Parag Doctor

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Chambal Fertiliser has target of Rs 75: Parag Doctor

Parag Doctor of Chart Advice is of the view that Chambal Fertiliser has target of Rs 75.

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Excerpts from Closing Bell on CNBC-TV18 Watch the full show » RELATED NEWS RCF can touch Rs 130-135: Gujral Exit Chambal Fertilisers at higher level: Bhamre Chambal Fertilisers has target of Rs 70-71: Thacker ALSO READ See previous views by Parag Doctor See what other Experts & Brokerages are saying about Chambal Fert See messages about Chambal Fert Chambal Fert BSE | NSE 10/02/12 Are Mutual Funds betting on Chambal Fert? Other Stocks in this news Nagarjuna Fertilisers and Chemicals |

Parag Doctor of Chart Advice is of the view that Chambal Fertiliser has target of Rs 75.

Doctor told CNBC-TV18, "Chambal Fertiliser and Nagarjuna Fertiliser the ones which are there in the F&O space still have some more room to catch up. They have been making very good accumulative basis, Chambal Fertiliser between Rs 55 and 60, Nagarjuna in the mid Rs 30."

Further added, "Target for Chambal Fertiliser would still be around Rs 75 zone which is the 52 week high. Nagarjuna Fertilizer can also go to about Rs 45 or so. These two would still have some more space on the upside. The other stocks are more speculative in nature, the moves and would be advisable not to get carried away and get long on the upper kind of levels in these smaller fertilizer stocks because you tend to have sharp reversals ahead of these news driven kind of moves."