National Fertilizers surges on receiving approval to import urea for three months

27 Sep 2017

National Fertilizers is currently trading at Rs. 62.30, up by 0.90 points or 1.47% from its previous closing of Rs. 61.40 on the BSE.

The scrip opened at Rs. 63.25 and has touched a high and low of Rs. 63.35 and Rs. 61.40 respectively. So far 47903 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 89.50 on 11-May-2017 and a 52 week low of Rs. 29.65 on 22-Nov-2016.

Last one week high and low of the scrip stood at Rs. 67.00 and Rs. 60.10 respectively. The current market cap of the company is Rs. 3075.93 crore.

The promoters holding in the company stood at 89.71%, while institutions and non-institutions held 6.43% and 3.85% respectively.

National Fertilizers (NFL) has received permission from Commerce Ministry for importing urea for three months. So far state trading enterprises (STEs) including MMTC and STC were permitted to import the fertiliser.

In the first quarter 2017-18, urea production stood at 55.60 lakh tonnes, DAP at 13.35 lakh tonnes and complex fertilisers at 15.91 lakh tonnes.

National Fertilizers is second largest producer of Nitrogenous Fertilizers in the India commanding 16.5% of market share. The company also manufactures spectrum of industrial products which include Methanol, Sodium Nitrate, Sodium Nitrite, Nitric Acid, Sulphur, Liquid Oxygen, Liquid CO2, Liquid Nitrogen etc.

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National Fertilizers Share Price

38.20 0.90 (2.41%) Aug 07, 18:01
1 Year Price Chart
Company Name CMP
Coromandel Interntl. 789.85
National Fertilizers 38.20
Chambal Fert & Chem 155.40
RCF 50.95
GSFC 63.05
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719