Fertilizers
Price of this fertilizer player is going off the charts!A little late in posting this but the risk to reward is still favorable!
NSE:RCF is an India-based fertilizer and chemical manufacturing company.
The Company manufactures Urea, Complex Fertilizers, Bio-fertilizers, Micro-nutrients, water soluble fertilizers, soil conditioners and a range of Industrial Chemicals.
The Company operates through the segments, including Fertilizers, Industrial Chemicals and Trading.
Fertilizers segment engaged in production and supply of various grades of Fertilizers for agricultural use.
Industrial Chemicals segment engaged in production of various chemicals and supply to diverse Industries.
Trading segment engaged in fertilizers imported / locally sourced and marketed for agricultural use.
Besides fertilizer products, the Company also produces a range of industrial chemicals that are important for the manufacture of dyes, solvents, leather, pharmaceuticals and a host of other industrial products.
RCF - Mid/ Long Term BuyRCF seems fundamentally strong - again its in chemical sector.
Also presently showing a good consolidation.
High potential to give a strong breakout and continue in that direction.
Keeping an SL below 67 Rs, I have started to build my portfolio in this stock. I have already bought about 40% of my fund allocated for this stock. Currently my buy avg is 82. Will add more if and when its coming down.
I will exit at a tgt about 40% up, but I am seeing it to reach a potential of 165-85 Rs.
Let's see.:).
Usual Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser.
This is for a mid to long term investment only, its not a positional or an intraday trade