In the past two months, Saroj Kumar Poddar has jumped into two corporate takeover battles. The chairman of Adventz group has been giving sleepless nights to industry veterans like Vijay Mallya, Shailesh Mehta and Om Kothari.
Fertilizer stocks like Rashtriya Chemicals and Fertilizers, Chambal Fertilizers, Nagarjuna Fertilizer and National Fertilizers surged 2-5% Monday after a group of ministers headed by Finance Minister Pranab Mukherjee late last week cleared a proposal to free urea prices.
I am positive on Chambal and RCF or maybe for that matter GNFC because it has already initiated the steps to migrate from naphtha to gas, says SP Tulsian, sptulsian.com.
Hemant Thukral, Head - Derivatives Research at SBI Capital Securities is of the view that cement stocks look stronger.
Nagarjuna Fertiliser net profit was down at Rs 33 crore versus Rs 12 crore, year-on-year, YoY.