Exit Chambal Fertilisers at higher level: Bhamre

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Exit Chambal Fertilisers at higher level: Bhamre

Exit Chambal Fertilisers at higher level, says Siddharth Bhamre, Angel Broking.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS Chambal Fertilisers has target of Rs 70-71: Thacker Fertiliser stocks still quite range bound: Gujral ALSO READ See previous views by Siddharth Bhamre See what other Experts & Brokerages are saying about Chambal Fert See messages about Chambal Fert Chambal Fert BSE | NSE 30/05/12 Are Mutual Funds betting on Chambal Fert?

Exit Chambal Fertilisers at higher level, says Siddharth Bhamre , Angel Broking.

Bhamre told CNBC-TV18, "If anybody is holding Chambal Fertilisers then we would suggest that at any higher levels, move out of this counter. We are not initiating any fresh longs in fertiliser space now."

At 11:05 am, the share was quoting at Rs 63.85, up Rs 0.20, or 0.31% with volumes of 881,499 shares. Its marketcap is Rs 2,657.49 crore. Currently it is 99.53% above the 52-week low of Rs 32.