Chambal best bet in fertilizers: Satish Betadpur

Satish Betadpur, CFA, Global Research Director, Independent International Investment Research PLC

Would you buy into fertilizers at this point of time? Target price is 33% higher than the current market price on a couple of these stocks as well would you pick anything?

Satish Betadpur: We have recommended in the past Chambal Fertilizers as the leader among the pack there from an investment perspective and we continue to recommend that. Couple of triggers there I guess we generally had good monsoon so which is a good trigger for these fertilizer stocks down the road spending picks up for them. Chambal on the other hand also has some diversification plans which could come into picture and therefore boost their earnings and also valuations quite attractive on that stock. So Chambal is our pick and we are not very bullish on the other stocks in this sector.