Bullish on Chambal Fertilisers: Sandeep Wagle, APTART Technical Advisory Services

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, in a chat with ET Noew, gives his views on the fertiliser stcoks


What is your take on fertiliser stocks?

Looking at the market scenario, I would be a little sceptical initiating a trade in fertiliser stocks but if you ask me to choose between all the of the ones - Chambal, RCF, Nagarjuna, Coromandel, I would go with Chambal and in case the Nifty sees a bounce back to 5150-5180, It will be Chambal that will be an out performer and I would have a target of around Rs 105 and a good stop loss around Rs 87 can be bought at the current levels bound to Rs 92 or maybe Rs 91 and I see a 10-12% upside in Chambal.