Tuesday, May 3, 2016

SPIC (590030 ) :- WORTH BUY

Dear readers,


Today we are looking stock from fertilizer segment , now a days stock market given thumbs up for this sector for upcoming good moonson.



      

  SOUTHERN PETROCHEMICALS LTD

                       (SPIC )


Spic-UreaSpic-Super



 Spic-Zen    Flourish
      




Southern Petrochemical Industries Corporation (SPIC) Limited is one of the leading fertilizer manufacturing companies in the country located at Thoothukudi in the State of Tamil Nadu. It is a joint venture between Dr M A Chidambaram Group and Tamil Nadu Industrial Development Corporation Limited (TIDCO), a state-owned industrial development institution.

 

SPIC is one of the earliest units set up in the country with a vision to produce high quality fertilizers to improve the agricultural output of the country. SPIC’s large fertilizer complex is capable of producing 6.2 lakh tons of Neem Coated Urea. SPIC is a household name within the farming community due to its ability to enrich the soil consistently throughout the agricultural cycle with maximum nutrient use efficiency. SPIC products not only help to sustain the health of the soil but also act as environment-friendly catalysts to increase the productivity to meet the food demand of the nation.

  

    Promoter holding 51 % stake in company, latest 9 month ended SPIC posted 23.67 cr net profit and 1405 cr sales ( last full year company posted 17 cr profit ), IMD estimation of good moonson  will give addition growth in this stock, also expecting good final results. Stock trading both NSE and BSE @ 24.80 level one can buy @ current level and hold short to medium term it will give decent return in portfolio.




Before buy any stock take advice from certified person.

 

Disclosure :- I am holding this company shares.

   

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