Fertilizer companies’ stocks were witnessing a euphoric run ahead of a crucial Cabinet Committee on Economic Affairs (CCEA) meet.
Chambal Fertilisers & Chemicals is currently trading at Rs. 77.85, up by 1.60 points or 2.10% from its previous closing of Rs. 76.25 on the BSE. The scrip opened at Rs. 77.75 and has touched a high and low of Rs. 79.45 and Rs. 77.50 respectively. So far 465375 shares were traded on the counter.
National Fertilizers is currently trading at Rs. 85.00, up by 2.35 points or 2.84% from its previous closing of Rs. 82.65 on the BSE. The scrip opened at Rs. 83.50 and has touched a high and low of Rs. 87.40 and Rs. 83.50 respectively. So far 164263 shares were traded on the counter.
Rashtriya Chemicals & Fertilizers is currently trading at Rs. 59.85, up by 1.55 points or 2.66% from its previous closing of Rs. 58.30 on the BSE. The scrip opened at Rs. 59.00 and has touched a high and low of Rs. 61.20 and Rs. 59.00 respectively. So far 498029 shares were traded on the counter.
Coromandel International is currently trading at Rs. 253.15, up by 1.10 points or 0.44% from its previous closing of Rs. 252.05 on the BSE. The scrip opened at Rs. 255.05 and has touched a high and low of Rs. 257.50 and Rs. 253.10 respectively. So far 2633 shares were traded on the counter.
The Cabinet Committee on Economic Affairs (CCEA) will take up a proposal to hike urea prices by Rs 500 a tonne as part of a series of steps to cut subsidies in the face of an economic slowdown.
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