Oswal Chemicals & Fertilizers Ltd Stock Quotes and Charts
Oswal Chemicals is no more a fertiliser company as it sold both it has sold both it's plant. It is now valued as per the value of it's investments in real estate which it made using the funds from sale of the plants.
Oswal Chemicals has corrected sharply and now is ruling at Rs.40, which makes it a good buy for two month horizon.
Oswal Chemicals is being accumulated by a leading mutual fund, who earlier moved out of the counter at Rs.70 levels. Price of Rs.60 is predicted in February 08.
the company has board meeting on 23rd of dec to consider and approve the terms & conditions of the Joint Development Agreement to be entered with Oswal Agro Mills Limited for the development of Residential and Commercial Complex at Chembur, Mumbai.
the grp is setting a 2000 crs rs fertilizer plant in middle east were Pankaj Oswal after being forced to run away from Australia is setting up a plant.<br><br>Another newsflow is on the development of the Chembur property were in the ROCE is expected on the higher side.
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