Continue holding Fertilizer stocks for another 3 month. Check out targets.
Hold GSFC for a target of 145 in a month. SL 118.
Hold Chambal Fertilizers for a target of 96. 3 months. SL 72.
Hold Deepak Fertilizers for a target of 325. SL 240. 3 months.
Hold/Buy Coromandal Fertilizers for a target of 380. SL 300. 3 months.
Fertilizers are buy and hold stocks, expect good returns on holding them for long time. So hold for atleast 3 months.
With talks of Coromandal Fertilizers buying Nagarjuna Fertilizers a debt rich company, however be profitable the deal is, it is better to avoid investing in Coromandal Fertilizers until the deal is done and the stock price settles. Deepak Fertilizers remains our strong pick.
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