12.00 AM Oct 12th 2006
BSE ID : 506395 NSE ID : COROMANDEL
RECOMMENDED PRICE 35.50
PEAK FROM RECO 588.00 1,556.34%
CURRENT PRICE 449.80 1,167.04%
Coromandel Fertiliser trades at just 8 times the current year earnings and it is expected to deliver a minimum of 50% return in the coming 12 months.
Ever since the first budget of the UPA Government was (unveiled in July 2004), we have seen a strong focus on the Agriculture sector as the Government aims to double the agricultural growth from 2.1 % to about 4%. In lieu of this good days are seen ahead for companies related with this sector, as they would see increased off take of their products.
One Industry without which this very task of Government cannot be achieved is the fertilizer Industry and here we like this Murraguppa group company, which runs a highly efficient plant. Stock of Coromandel Fertiliser trades at just about 8 times the current year earnings and it is expected to deliver a minimum of 50% return in the coming 12 months.