Buy Chambal Fertilisers, says Rajesh Jain

Buy Chambal Fertilisers, says Rajesh Jain, EVP Retail Research of Religare Sec.

Jain told CNBC-TV18, "Chambal Fert has fallen from Rs 116 to 89 in a month, which is quite sharp. As the market is seeing a bounce from oversold levels I expect Chambal to take support at its weekly support levels. One can buy at its support betweens  86-88 with a stop loss at Rs 86 for higher target of Rs 99 in coming days."