Stock To Buy: Before the GST Council meeting on 22nd June, there is a rush to buy shares of the fertilizer sector. Most of the shares in this sector are trading at record highs. One of these shares belongs to National Fertilizers Limited. During trading on Wednesday, these shares reached a high of Rs 131.25. This is the 52-week high of the stock. At the same time, the share closed at Rs 125.90. This shows an increase of 4.66% compared to the previous trading day. Let us tell you that the 52 week low level of the share is Rs 65.08. This was the share price in August 2023.
target price of share
Experts seem bullish on the shares of National Fertilizers. This stock is in consolidation stage for the last few weeks. Manav Chopra, CMT, Nuvama Institutional Equities, has given a ‘buy’ rating on shares of National Fertilizers. Along with this, the first target price for the share has been fixed at ₹ 185 and the second at ₹ 255 per share. According to the current price, the stock is expected to rise by 110%.
This share will cross ₹ 170, there is a rush to buy it, the government can take a big decision!
Keep an eye on GST Council meeting
There is a possibility of relief on tax rates on fertilizers in the Goods and Services Tax (GST) Council meeting. According to media reports, the Fitment Committee may submit a proposal to the GST Council on June 22 to consider removing the 5 percent levy on fertilizers. Let us tell you that this will be the first meeting of the council after Narendra Modi took oath as Prime Minister for the third time.
53.3 crore shares of this company were sold, panic among investors, price crashed
These issues are expected to be discussed in the meeting
The implementation of 28 percent GST on online gaming sector is likely to be reviewed in the GST meeting. Since there has been no meeting of the GST Council since April, the council is expected to review the taxation of the online gaming sector in its June 22 meeting. Another important pending issue before the GST Council is rate rationalization and a committee headed by Uttar Pradesh Finance Minister Suresh Kumar Khanna has been empowered to suggest necessary rate rationalization.
