It is a manufacturer of fertilizers. Its principal products/services include Nitrophosphate (Fertilisers), Complexes (Fertilisers), and TAN. Monsoon has been good and above average in most parts of India.
- Agricultural activities have seen good traction.
- Agricultural exports are also on the rise.
"Even during the difficult time of pandemic lockdown, India took care not to disturb the world food supply chain and continued to export," it said Agrochemicals, Seeds, fertilizers, etc sectors may benefit.
We see that if the stock sustains above 160 level, we see it heading towards the 180,200 and higher levels with a stop loss of 132 with a medium-term time perspective. Have a look at the stock chart below.
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