Liberty Phosphate is a fertilizer scrip that is trading at a huge discount from its 52-week high of INR 55. It is the largest manufacture of single super phosphate and has more than 14% market share. As the company has allotted around 20 lakh shares at Rs.25 to the promoters and others, the scrip is bound to rise 50% in a few months.
The scrip can make a strong case for BUY. Need to keep a track of this scrip. As soon as price starts moving up from the 20 levels that it is trading at present, one needs to pick up the stock in good quantities. I would classify this as a contrarian bet.
2 Comments
February 23, 2007 at 1:37 am
do you think the cmp is a good time to buy?
February 25, 2007 at 1:04 am
I think that the current market price should be okay. However, if I were to buy it, I would wait for a trigger or slight upswing before starting to take a position. Since the markets are extremely volatile right now, wait for the trigger.