RCF has good upward potential: Devang Visaria

Devang Visaria, Chief Strategist, Devangvisaria.com talks to ET NOW about RCF.

Fertiliser stocks, activity was very sporadic but what is it that you are recommending out of the entire lot?

Most of them have tended to get back into the shell again. From an investment perspective, we like RCF from this level. Stock has corrected from a high of 118 to long term supports of 76-75. We believe RCF has good upward potential and on an investment call, we like the stock for 5-year closer to 100-110 and the stop loss is closer to 75 levels. You could start accumulating the stock at current levels as also in any declines back to 78-77 levels. We like this stock from 1.5-2 month perspective for targets of closer to 100-110.