Share Market Stock Tips - Buy Stocks of Chambal Fertilisers

If you believe some of the technical stock analysts, fertiliser stocks in general and Chambal fertiliser shares are witnessing some stock buying at lower levels since past few sessions. Here is a stock tip that some of the high risk taking stock traders may be interested in for short to medium term.
If you look at the stock chart of Chambal fertiliser, it looks like the stock has support around Rs.75 levels.

Also, company is expected to report benefit of higher urea production above cut off in Q4FY12. Expected policy announcement on new urea investment should also have positive impact on company. EPS estimations for FY12/FY13 are at Rs 9.0 / 8.9 for the stock.

with a 3 to 5% stoploss from current stock price of Rs.76.5, the target stock price could be in the range of Rs.95 to Rs.100 in short to medium term time frame.

You may read a stock research report from one of the stock brokers here.

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