Chinese officials are avoiding the mandatory inspection of India-bound consignments of specialty fertilisers, thus blocking exports to the country through procedural means rather than an explicit ban, says a report
With a 'Very Bullish' sentiment and strong financial indicators, Chambal Fertilisers and Chemicals appears well-positioned for continued growth and market confidence.
The sharp surge Chambal Fertiliser's the bottomline in Q2 was aided by a significant improvement in operational performance.
The equity share will be bought back at a price of Rs 450 apiece on a proportionate basis through the tender offer route, the company said in a regulatory filing.
Fertiliser stocks had run up over the past few days in anticipation of an import duty cut in the Budget on some key raw materials
Top gainers on the MC BudEx were Chambal Fertiliser, Bharat Electronics, IRB Infra and Bank of Baroda, all gaining 6-8 percent.
Zuari Agro had bought Mangalore Chemicals in 2015 and is now looking to sell shares and majority control to raise funds to repay debt, sources suggest to Moneycontrol
A weak balance sheet and a high working capital requirement due to delayed subsidies put Chambal Fertilisers in a weak spot
High debt and delay in subsidy put this agrochemical stock on a shaky pitch
The larger trend is down and in favor of bears but there seems to be a critical support on the long-term charts around 10,239 levels where bulls may put up a strong fight.
Although the urea subsidy situation is comfortable, we see raw material and procurement prices remaining an overhang. The recent correction makes the stock attractive.
Trends on SGX Nifty indicate a flat to positive opening for the broader index in India, a rise of 4 points or 0.04 percent.
The Union Budget 2018-2019 on increased spending on affordable housing, infrastructure, and rural economy along with no major changes in the direct taxation structure would be sufficient to sustain momentum in the markets, suggest experts.
Ashwani Gujral of ashwanigujral.com recommends buying SBI, PNB, Chambal Fertilisers, ONGC, Canara Bank and Delta Corp.
Ashwani Gujral of ashwanigujral.com recommends buying TV Today, UltraTech Cement and Tata Steel.
Ashwani Gujral of ashwanigujral.com recommends buying Raymond, Chambal Fertilisers and Shriram Transport Finance Corporation.
Ashwani Gujral of ashwanigujral.com recommends buying TCS, Chambal Fertilisers and Bharti Infratel.
Ashwani Gujral of ashwanigujral.com recommends buying Balkrishna Industries, GSFC and Chambal Fertilisers.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy HDFC, Shankara Build and Chambal Fertilisers and can sell Andhra Bank.
Ashwani Gujral of ashwanigujral.com recommends buying Chambal Fertilisers, Dalmia Bharat, Tata Steel, DCB Bank, Indiabulls Housing Finance and HPCL.
Ashwani Gujral of ashwanigujral.com recommends buying Anant Raj, Chambal Fertilisers, Vijaya Bank, CESC and Prism Cement.
Pankaj Jain of SW Capital advises buying Bank of Baroda with a target of Rs 205.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can sell Oil India and can buy Titan Company, Ahluwalia Contracts, Balrampur Chini and Chambal Fertilisers.
Mitessh Thakkar of miteshthacker.com recommends buying Chambal Fertilisers and Ceat.
Ashwani Gujral of ashwanigujral.com recommends buying Equitas Holdings , NBCC and Chambal Fertilisers.