Stock market analyst Ashwani Gujral has maintained ‘Buy’ rating on Chambal Fertilisers and Chemicals to achieve a target between Rs 60 – Rs 65 in the coming days.

According to Mr. Gujral, interested traders can buy the stock with a strict stop loss of Rs 47.

Today (July 14), the shares of the company opened at Rs 51.70, up Rs 1.75, on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 5.34 & 9.36 respectively. The share price has seen a 52-week high of Rs 87.50 and a low of Rs 29.50 on BSE.

Mr. Gujral said that investors must buy the stock to make good returns.

Promoted by Zuari Industries Ltd, Chambal Fertilisers and Chemicals Limited is one of the biggest private sector fertilizer manufacturers in India. Its two state-of-the-art nitrogenous fertiliser (urea) plants are situated at Gadepan in Rajasthan’s Kota district.

The company caters to the requirements of the farmers in ten states in Northern, Central and Western regions of the country. It is the top fertiliser supplier in Rajasthan.

Moreover, it has a huge marketing network including 10 regional offices, 1,300 dealers and 20,000 village level outlets.

At present, Chambal Fertilisers has consolidated its place in agriculture business and branched out into other segments. Its shipping segment under the name India Steamship runs 5 Aframax tankers with a joint capacity of more than 5,00,000 DWT.

Chambal Fertilisers has decided to foray into the infrastructure related business and has established a wholly owned arm Chambal Infrastructure Ventures Limited (CIVL). CIVL plans to establish power plants to take advantage of the growing occasion in power division.