Chambal Fertilisers and Chemicals Limited is one of the largest private sector fertiliser producers in India. Chambal Fertilisers has three divisions - agri-inputs, shipping and textiles. It has diversified into other sectors through its subsidiaries in the software and in the infrastructure sector. It also has a joint venture in Morocco for manufacturing phosphoric acid.With the Indian economy booming and the associated need for oil security, Chambal Fertilisers and Chemicals Limited decided to enter the energy transportation sector.
Buy around 58?60 for a target of 65/72 in the short term. Keep a stop loss below 56 for all long positions.
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