Dont miss action in this multibagger fertilizer stock which has surged 40 per cent in 3 days!

 Fresh buying interest is seen in Agro Phos India which has jumped nearly 40 per cent in 3 days    

The fertilizer stocks were a hot topic in 2022 because of the strong demand and business outlook. A fall in rupee led to good export demand which has thus helped the companies to generate more revenue. One such stock that has been in limelight for its growing prospects and sheer demand is Agro Phos India (NSE Code- AGROPHOS), which has seen strong interest from the institutions as it soared over 130 per cent this year, thus grabbing investors’ attention.     

Agro Phos (India) Limited is a smallcap company, engaged in the manufacturing of fertilizers and operates as a processor, supplier, marketer and exporter of a range of fertilizers. In its recent Quarterly Results, revenue jumped over 18 per cent YoY to Rs 40.73 crore while net profit grew at an astonishing rate of 65 per cent YoY in September 2022 to Rs 1.34 crore as against Rs 81 lakhs from previous year in the corresponding quarter. Over the years, the EPS has skyrocketed astronomically, thanks to growing sales numbers and good margins. The stock was the talk of the town back in April-May 2022, when the share price zoomed over 200 per cent. Moreover, its PE of 14.96 as against sector’s PE of 14.22 certainly interests investors.    

What should investors do with AGROPHOS?    

Talking about the technical terms, the stock has seen fresh buying interest from the past 3 days as it has soared nearly 40 per cent during this period. The volume recorded has been massive and above 100-day average volume, which indicates strong buying activity. Certainly, HNIs and institutional investors are creating positions at lower levels.  Meanwhile, the management expects strong growth to continue while uncertain global cues shall put headwinds to the company’s performance. Overall, the company has shown positive signs. Currently, AGROPHOS share price is trading at Rs 58 level on NSE. Investors should add this stock to their watchlist to track its further progress!