Buy Nagarjuna Fert - ,hold it for 4-7 yrs.Its mega multibagger.
Nagarjuna Oil Corporation today announced that it had completed financial closure for its Rs 4,790-crore, 6-million-tonne petroleum refinery at Cuddalore, Tamil Nadu. Work on the project has begun and the refinery is expected to be commissioned by mid-2011. Today, Tata Petrodyne has a 30 per cent stake in the Rs 1,590-crore equity of the project and Nagarjuna Fertilisers has 51 per cent. The Tamil Nadu Industrial Development Corporation with 5 per cent stake, Cuddalore Port Company with 10 per cent and Udhe, Germany with 4 %
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I saw nagarjuna fertilizrs financials. it is a rotten stock.titan, ril, rpl, reliance capital, pantaloon retail, reliance infra, bhel, L&T are franchises with an enduring brand value. these are the stocks which you should hold for a 10 year horizon. stock market is a relocation center where money moves from the impatient to the patient. be greedy when others are fearful, be fearful when others are greedy. market is headed lower. can fall to 10,000 levels and may not recover for 3 years. avoid trading and preserve your capital.