Stock market analysts are of the view that investors can buy Nagarjuna Fertilizers & Chemicals Ltd stock to achieve a short term target of Rs 52.

According to analysts, interested investors can purchase the stock above Rs 42.8 with a strict stop loss of Rs 39.5.

Today (August 08), the shares of the company opened at Rs 40.45 on the Bombay Stock Exchange (BSE). Current EPS and P/E stood at 0.52 and 79.64 respectively. The share price has seen a 52-week high of Rs 89 and a low of Rs 22.80 on BSE.

The stock has much potential to climb to the target price as the company has good growth prospects considering its projects under implementation and influential future plans.

Nagarjuna Fertilizers & Chemicals disclosed a small decline in its standalone net profit for the first quarter ended June 2008. During the quarter, the profit of the company declined 1.51% to Rs 70.42 million from Rs 71.50 million in the same quarter, last year.

The company reported earnings of Rs 0.16 per share during the quarter, posting 5.88% rejection over previous year period.

Net sales for the quarter climbed 44.37% to Rs 4,335.54 million, whereas total income for the quarter jumped 45.01% to Rs 4,377.11 million.

Other stocks from the same sector that looks good for short-term and long-term trading includes Nat Fert, Chambal Fert and GNFC.