Leave fertiliser companies alone for the moment: CK Narayan, Sharyans Resources

CK Narayan, President Treasury, Sharyans Resources, in a chat with ET Now talks about fertiliser stocks.

What is the call on National Fertiliser, Chambal Fertiliser and RCF?

If you are trying to link it up with the Reliance news on the gas, maybe you are trying to put the cart before the horse. You are not really seeing anything positive in terms of movements in these stocks. So it is a little too premature to really talk about that. If the gas comes up and if it flows to the fertiliser companies and if they do it well. So there are too many ifs and buts and ands in this whole set of equation.

All the fertiliser stocks are actually reflecting all those sets of uncertainties. So I really would not rush into buying any fertiliser stock on the back of Reliance.

Yes, it is a positive, yes the gas could flow but it is all in the future. For the moment if you look at the market, it is living too much in the present. So let’s not try and get ahead of ourselves here. I would leave fertiliser companies alone for the moment because there is not anything very significant or very direct in terms of an impact on them.