Buy Rashtriya Chemicals & Fertilizers, target Rs 65 : G Chokkalingam

G Chokkalingam of Equinomics Research & Advisory Pvt. Ltd has a buy call on Rashtriya Chemicals & Fertilizers Ltd. with a target price of Rs 65. The current market price of Rashtriya Chemicals & Fertilizers Ltd. is 51.25. Time period given by analyst is year, when Rashtriya Chemicals & Fertilizers Ltd. price can reach defined target. RCF has not run up the way other fertiliser stocks have rallied, but I am pretty confident that in the short term it can give 20-25 per cent upside. In two to three years, it can even touch a triple digit figure, he added. What I like about this company is that the balance sheet is very strong. If you exclude the subsidy receivable from the government actually it is a net cash company. Chokkalingam further added that he is expecting around Rs 6.5 EPS for FY18, so if you multiply even by 10, you should get comfortably around Rs 65 target price.