I agree. Deepak has potential triggers as the HDFC Sec report mentions (cheaper gas, higher availability of gas leading to greater utilization), plus any upside from pick up in mining activity. Even if the technical part does not play out, it is a safer bet.
Also, the subsidy receivables problem that plagues fertilizer companies, including better ones like Coromandel, is less accentuated in the case of Deepak.
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