NFCL is a Commodity driven stock
Basically Fertilisers .. which always has high peak in January-February (Harvesting Period)
This company has NOCL (Chemical and Petroleum) as a sister subsidy
Moreover Kakinada has been in the news ... cos ONGC and reliance find a gr8 amount of petrol bed there and start its operation.
http://www.dnaindia.com/report.asp?newsid=1116418
The byproduct of petroleum NAptha.. Is the core for Ferts...Cos this reduce the Transportation.. reducing their Oper-Cost.
They said the are goin to clear their Debt in this year..
More positiv things to add up to its Fundamentals.
Right now its driving in a good shape.. Can touch its peak in January-February (Monsoon was good in South States).
Its better to grab these stocks as we have our harvest on Feburary..