Fertiliser and chemical producer IPL has been steadily advancing since its panic COVID low, the company delivered a strong 2nd half performance across most areas of the business which has helped the stock hold around the $3 area. We like this stock but the risk / reward is not compelling around current levels.
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Buy Hold Sell: The best and worst performers of FY25
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Tuesday 26th August – Dow off -349pts, SPI down -19pts
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Monday 25th August – Dow Jones +846pts, SPI Futures +84pts
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MM is neutral to bullish IPL
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