Deepak Fertilizer has target of Rs 180: Thunuguntla

Deepak Fertilizer has target of Rs 180, says Jagannadham Thunuguntla, Head of Research, SMC Global.

Thunuguntla told CNBC-TV18, "Deepak Fertilizer has a day target price of Rs 180. The company is the largest industrial chemical maker from the natural gas. The performance of the company has been quite impressive. Last year it posted about 22% on the topline growth and 33% on the bottomline growth and even in FY12 the company is expected to do well as long as the fertiliser policy gets cleared. So the company should be positioned well even to frame much higher levels and the stock is picked up with a day target price of Rs 180."