It's has posted not so great quarterly result due to raw cost increase, so the sharp downside movement in stock was noticed.
It has been in news past few days for the 20 year long term deal with other listed Fertiliser Company.
Inflation seems to be peak and ready to bites the dust for the moment.
Having said that, Positional View on the stock would be Long with Target 700/720/750 in coming days.
Keep the SL : 641
Duration upto 15 days.