According to ICICI Securities’ fertilizer analyst, Prakash Gaurav Goel, Chambal Fertilizer shareholders were disappointed with the fact that the debt on the books would not get reduced because of the failed demerger.
In an interview with CNBC-TV18, SP Tulsian of sptulsian.com gives investors his cues on how he reads specific stocks and sectors during these turbulent times in the market.
SP Tulsian of sptulsian.com gives his views on a few stocks and sectors that are in the news.
The planning commission has put forward their recommendations for the fertiliser policy and more importantly, for the Nutrient-Based Subsidy (NBS) policy. In an interview with CNBC-TV18, Sutanu Behuria, Fertiliser Secretary, talked about how much headway has happened on that front.
SP Tulsian, sptulsian.com, told CNBC-TV18, how best one could play the stock market with his select multibagger stock ideas. In the short-term he is bullish on Siyaram Silk, Prakash Industries and IVRCL.
Satish Chander, Director General, Fertilizer Association of India said there has been no investment in Urea in the past 12 years. He expects urea to be decanalised.
Fertiliser stocks gained between 3-5% in today’s session on the buzz of a committee of secretaries meet on February 7 to discuss urea decontrol. At 10:58 hrs Chambal Fertilisers and Chemicals was quoting at Rs 76.70, up Rs 2.85, or 3.86%.
The fertiliser space was buzzing in trade on reports that the Committee of Secretaries is meeting on February 7, 2011 to discuss urea decontrol, reports Ekta Batra.
Urea price decontrol has been put off till the next fiscal, finance ministry officials have told CNBC TV18’s Aakansha Sethi. This information comes at a time when the Group of Ministers (GoM) met and decided to ask the committee of secretary's to delve into the matter.
The Group of Ministers (GoM) are going to meet on urea decontrol today and most analysts believe that government is likely to go ahead with NPS III policy. CNBC-TV18's Ekta Batra reports.