Buy Chambal Fertilisers With Target Of Rs 95

Buy Chambal Fertilisers With Target Of Rs 95Stock market analyst PK Agarwal of Purpleline Investment has maintained `buy' rating on Chambal Fertilisers & Chemicals Ltd stock with a target of Rs 95.

The analyst said that the investors can purchase the stock with a stop loss of Rs 87.

The stock of the company, on Nov 24, closed at Rs 89.35 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 104.80 and a low of Rs 52.90 on BSE.

Current EPS & P/E ratio stood at 6.60 and 13.47 respectively.

Chambal Fertilisers and Chemicals Ltd has recorded a 33% growth in its net profit to Rs 86 crore for the three month period ended September 30, 2010.

The company said that it posted the increase on the back of augmented sale figures.

The company had registered a net profit of Rs 64.61 crore during the same period of 2009.

The company's net sales surged to Rs 1,535 crore in the quarter under review as compared to Rs 957 crore during the corresponding quarter a year-ago.

Chambal Fertilisers is the biggest private sector fertilizer manufacturer in the country.

The company's two high-tech nitrogenous fertiliser (urea) facilities are situated at Gadepan in Rajasthan's Kota region.