See 5-8% upside in fertiliser stocks: Tulsian

See 5-8% upside in fertiliser stocks, says SP Tulsian of sptulsian.com.

Tulsian told CNBC-TV18, "Definitely for couple of days because we know that this meeting is fixed on 7th February, so for next couple of days the urea makers, I am quite positive on that because obviously market will be expecting some recommendations coming in from the committees of secretaries, which will eventually go will be considered by the group of ministers." He further added, "So maybe the urea stocks like Chambal Fertilisers, NFL, RCF, Zuari Industries and GSFC, they all could remain in focus and I have my positive bias for next couple of days including even Nagarjuna Fertilisers. So you could see maybe 3-5% or maybe even 5-8% rise from hereon in next couple of days on these stocks." Chambal Fert trailing 12-month (TTM) EPS was at Rs 7.37 per share. (Dec, 2010). The stock's price-to-earnings (P/E) ratio was 10.43. The latest book value of the company is Rs 33.40 per share. At current value, the price-to-book value of the company was 2.3. The dividend yield of the company was 2.47%.