Speaking to CNBC-TV18, Poddar, who holds over 16 percent in MCF, said that he consulted Mallya before buying the stake. Mallya, had then agreed with Poddar that he would enter into a joint venture with Zuari.
Emkay Equity Advisory expects Deepak Fertilizers to report a 17.3 percent growth quarter-on-quarter (fall of 32.4 percent year-on-year) in net profit at Rs 34.2 crore.
According to Prabhudas Lilladher, Deepak Fertilizers may report a 42.9 percent growth quarter-on-quarter (fall of 17.6 percent year-on-year) in net profit at Rs 41.6 crore.
Gautam Sinha Roy of Motilal Oswal Securities told CNBC-TV18 that HCL Tech will be his top pick as the earnings season starts next week.
Himanshu Nayyar, Analyst Agri Sector, Quant told CNBC-TV18 that he is is cautious on getting into Mangalore Chemicals and recommends buying Deepak Fertilisers with long term perspective.
SP Tulsian of sptulsian.com says he doesn't see much downside in Mangalore Chemicals and Fertilizers from current levels. "Rs 52-53 seems to be a strong level which share should hold on," he adds.
Prabhudas Lilladher has come with its June quarterly earning estimates for Agri Products and Chemicals sector. According to the research firm, agri products and chemicals‘ coverage universe is likely to show de-growth of 2.8% YoY (down 25.3% QoQ) in net sales during Q1FY13.
Mithil Pradhan of Violet Arch Capital Advisors is of the view that traders can get in to Deepak Fertilizers at this level.
Indian markets had a laggard session yesterday. Will it play out the same way today as well? Read on for more...
Deepak Fertilizers has target of Rs 179, says Nooresh Mirani, AVP Technical, AMSEC Research.
Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
Deepak Fertilizers can test Rs 210, says Nooresh Mirani, AVP Technical, AMSEC Research.
Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
CNBC-TV18 brings you a brand new week of Bull's Eye. It's the popular game show where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
Ranak Merchant of Sushil Finance is of the view that one should hold Deepak Fertilizers.