Industrial chemicals and fertiliser manufacturer IPL has rallied steadily over the last 2-years however even though we like the market segment as food prices surge higher MM is not keen on chasing the stock near $4. We are neutral around the current $3.80 area but if we see another 75-80c dip in the share price the risk / reward will become far more attractive – remember MM expects 2022 to deliver plenty more volatility hence never say never.
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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 currently likes IPL around $3
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