Fertilisers stocks plunge as FM rejects new urea investment policy

18 Nov 2011

The Finance Ministry has rejected a policy drafted by the Planning Commission to attract new investment in the urea sector, saying the proposals are unrealistic, unviable and will lead to high subsidy outgo. As per some media reports the Department of Expenditure has strongly opposed the suggestions and asked the Planning Commission to give a realistic policy to attract investment in the urea sector.

Chambal Fertilisers & Chemicals is currently trading at Rs 83.10, down by 6.35 points or 7.10% from its previous closing of Rs 89.45 on the BSE. The scrip opened at Rs. 88.35 and has touched a high and low of Rs. 89.90 and Rs. 81.70 respectively. So far 641336 shares were traded on the counter.

National Fertilizers is currently trading at Rs 58.90, down by 1.75 points or 2.89% from its previous closing of Rs 60.65 on the BSE. The scrip opened at Rs 60.00 and has touched a high and low of Rs 60.85 and Rs 57.55 respectively. So far 11841 shares were traded on the counter.

Rashtriya Chemicals & Fertilizers (RCF) is currently trading at Rs 60.70, down by 4.30 points or 6.62 % from its previous closing of Rs 65.00 on the BSE. The scrip opened at Rs 65.00 and has touched a high and low of Rs 65.45 and Rs 60.20 respectively. So far 120334 shares were traded on the counter.

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Chambal Fert & Chem Share Price

270.50 14.65 (5.73%) May 14, 18:01
1 Year Price Chart
Peers
Company Name CMP
Coromandel Interntl. 768.55
National Fertilizers 68.90
Chambal Fert & Chem 270.50
RCF 82.75
GSFC 115.65
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Sensex vs Chambal Fert & Chem
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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