CHMB
from 455 today
We initiate coverage on Chambal Fertilisers and Chemicals Limited with a HOLD rating and a target price of Rs 500. We retain our HOLD rating as the risk-reward remains balanced rather than compelling, while TAN's near-term earnings contribution is modest and core urea earnings remain stable.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
