Shares of Fertilizers companies’ benefited on the proposal of moving direct tax subsidy for Fertilizer. While, the proposal of investment-linked deduction extended to businesses engaged in the production of fertilizers, is also seen as positive for the sector.
Chambal Fertilisers & Chemicals is currently trading at Rs. 81.10, up by 1.00 points or 1.25% from its previous closing of Rs 80.10 on the BSE. The scrip opened at Rs 82.10 and has touched a high and low of Rs 83.30 and Rs 80.65 respectively. So far 464919 shares were traded on the counter.
Rashtriya Chemicals & Fertilizers is currently trading at Rs. 66.75, up by 0.55 points or 0.83% from its previous closing of Rs 66.20 on the BSE. The scrip opened at Rs 67.50 and has touched a high and low of Rs 68.80 and Rs 66.50 respectively. So far 447124 shares were traded on the counter.
National Fertilizers is currently trading at Rs. 92.15, up by 1.35 points or 1.49% from its previous closing of Rs 90.80 on the BSE. The scrip opened at Rs. 93.90 and has touched a high and low of Rs. 94.85 and Rs. 91.00 respectively. So far 220438 shares were traded on the counter.
