Buy National Fertilizers, target Rs 90: ICICI Direct

ICICI Direct has a buy call on National Fertilizers with a target price of Rs 90.

The current market price of National Fertilizers is Rs 73.50.

Time period given by the brokerage firm is six-months when National Fertilizers price can reach defined target.

ICICI Direct recommended to keep a stop loss at Rs 66.

National Fertilizers, incorporated in the year 1974, is a Mid Cap company (having a market cap of Rs 3,605.75 Crore) operating in Fertilisers sector.

The company’s top management includes Dr.Kalpana Saini, Dr.Ramesh Kumar Agarwal, Mr.Anil Verma, Mr.Devinder Singh Ahuja, Mr.Dharam Pal, Mr.Manoj Mishra, Mr.Rajiv Kumar Chandiok, Mrs.Bhavnaben Kardambhai Dave, Mrs.Meenakshi Gupta.

Company has HDSG & Associates as its auditors.

As on 30-09-2017, the company has a total of 490,578,400 shares outstanding.