United Phosphorus, an outright buy in agrispace
Sharmila Joshi, Co-Head PCG Sales, Emkay Global Financial Services has his take on agrochemicals on ET NOW .
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| Are you looking at some sectoral basket within the midcap universe or again is it very stock specific given the current market conditions?
Sharmila Joshi: Sectoral basket, one can look at the agri inputs space. This again is an area where we have done fair amount of work and typically we do see these stocks going up twice in a year and in couple of weeks, you are going to an increased volume as far as the monsoons are concerned and that is when the fertiliser, agrochemical play begins to do well. United Phosphorous has had very good set of numbers. So that is an outright buy.
Some of the other stocks in the agrochemicals space. Stocks like a Coromandel International which will benefit from changes in the nutrient based policy that we have had this mix complex fertiliser that stands to gain, a Nagarjuna Agrichem or Sabero Organics. So if you are looking at a sectoral pick, you could look at these stocks and from time to time, we do come out with stocks from other sectors as well like the two I mentioned.
Do you have the price target for Kajaria Ceramics?
Sharmila Joshi: Rs. 91, we have been little conservative there, 10 times multiple to the FY12 estimated EPS of 9.1 Century Plywood would have target of Rs. 80.
Sharmila Joshi: Sectoral basket, one can look at the agri inputs space. This again is an area where we have done fair amount of work and typically we do see these stocks going up twice in a year and in couple of weeks, you are going to an increased volume as far as the monsoons are concerned and that is when the fertiliser, agrochemical play begins to do well. United Phosphorous has had very good set of numbers. So that is an outright buy.
Some of the other stocks in the agrochemicals space. Stocks like a Coromandel International which will benefit from changes in the nutrient based policy that we have had this mix complex fertiliser that stands to gain, a Nagarjuna Agrichem or Sabero Organics. So if you are looking at a sectoral pick, you could look at these stocks and from time to time, we do come out with stocks from other sectors as well like the two I mentioned.
Do you have the price target for Kajaria Ceramics?
Sharmila Joshi: Rs. 91, we have been little conservative there, 10 times multiple to the FY12 estimated EPS of 9.1 Century Plywood would have target of Rs. 80.
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