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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Thursday 11th September – Dow off -220pts, SPI off -20pts
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Wednesday 10th September – Dow up +196pts, SPI down -4pts
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MM is neutral to bullish IPL
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