Buy Nagarjuna Fertilisers, says Rajesh Jain

Buy Nagarjuna Fertilisers and Chemicals, says Rajesh Jain, Independent Mkt Strategist.

Jain told CNBC-TV18, "Nagarjuna Fertilisers is clearly a prebudget play on expectations of urea decontrol, nutrient pricing as well as nutrient subsidy based formulas and also incentives by the government to create further capacity and capital investment in the sector." He further added, "I expect Nagarjuna Fertilisers to be a clear beneficiary of any prebudget activity and a good buy for an intraday high of Rs 32."