Stock Recommendations: 7

Tata Chemicals
Recommendation: Buy
Price target: Rs535
Current market price: Rs288

GCIP acquisition to be earnings accretive
We attended the conference call hosted by the management of Tata Chemicals Ltd (TCL) to discuss its acquisition of General Chemical Industrial Products Inc (GCIP), USA. The key highlights are presented.

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VIEWPOINT

Chambal Fertilisers & Chemicals

Expansion in shipping business to drive future growth
Chambal Fertilisers and Chemicals Ltd (CFCL), promoted by the K K Birla group, is the largest private sector manufacturer of urea in India with a manufacturing capacity of 1.73 million tonne per annum. The company also trades in diammonium phosphates, other complex fertilisers, pesticides and seeds. The company has also diversified into the areas of software, shipping and now power.