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Deepak Fertilisers surges as its arm signs two Gas Purchase agreements with GAIL (India) Deepak Fertilisers And Petrochemicals Corporation is currently trading at Rs. 621.00, up by 17.35 points or 2.87% from its previous closing of Rs. 603.65 on the BSE. The scrip opened at Rs. 608.05 and has touched a high and low of Rs. 627.00 and Rs. 608.05 respectively. So far 64169 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1061.70 on 21-Oct-2022 and a 52 week low of Rs. 512.80 on 28-Mar-2023. Last one we...
Deepak Fertilisers surges as its arm signs two Gas Purchase agreements with GAIL (India)
Deepak Fertilisers surges as its arm signs two Gas Purchase agreements with GAIL (India)
Source: Accord Fintech
4/09/2023 4:27:50 PM
Coromandel International inches up as its arm bags order to supply logistics drones, accessories to Indian Army Coromandel International is currently trading at Rs. 1045.40, up by 3.05 points or 0.29% from its previous closing of Rs. 1042.35 on the BSE. The scrip opened at Rs. 1025.40 and has touched a high and low of Rs. 1048.40 and Rs. 1025.40 respectively. So far 12253 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1094.40 on 01-Sep-2022 and a 52 week low of Rs. 838.95 on 27-Jan-2023. Last one week high and low of the...
Coromandel International inches up as its arm bags order to supply logistics drones, accessories to Indian Army
Coromandel International inches up as its arm bags order to supply logistics drones, accessories to Indian Army
Source: IANS
7/08/2023 5:25:12 PM
Deepak Fertilisers and Petrochemicals gains after its arm raises Rs 900 crore through NCDs Deepak Fertilisers And Petrochemicals Corporation is currently trading at Rs. 564.00, up by 4.00 points or 0.71% from its previous closing of Rs. 560.00 on the BSE. The scrip opened at Rs. 571.20 and has touched a high and low of Rs. 580.00 and Rs. 560.00 respectively. So far 127616 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1061.70 on 21-Oct-2022 and a 52 week low of Rs. 512.80 on 28-Mar-2023. Last one we...
Deepak Fertilisers and Petrochemicals gains after its arm raises Rs 900 crore through NCDs
Deepak Fertilisers and Petrochemicals gains after its arm raises Rs 900 crore through NCDs
Source: Accord Fintech
8/06/2023 2:51:43 PM
Accumulate Coromandel International Ltd For Target Rs.1,060 - Geojit Financial Services Ltd Good volumes in fertilizer drove the top line. Coromandel International Ltd. (CRIN) is one of the leading private sector fertilizer manufacturers in the country. CRIN is one of the key producers of NPK and SSP grade fertilizers. * CRIN reported decent revenue of 30% YoY in Q4FY23, driven by higher MRP and subsidy realisation. * EBITDA grew by 6.2% in Q4FY23. However, EBITDA margin contracted by 162bps to 7.4% YoY. * In FY23, the company launched eight new products, which received ...
Accumulate Coromandel International Ltd For Target Rs.1,060 - Geojit Financial Services Ltd
Accumulate Coromandel International Ltd For Target Rs.1,060 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
26/05/2023 12:13:29 PM
Quote on Fertilizer sector outlook By Yadhu Ramachandran, Geojit Financial Services Below Quote on Fertilizer sector outlook from Yadhu Ramachandran, Research analyst at Geojit Financial Services. The adoption of Nano DAP/Urea in agriculture could aid in the transformation of the fertiliser sector. Unlike conventional methods of applying DAP and Urea, the foliar application of nano nutrients can enhance crop yields while minimising the environmental impact by restoring soil fertility. Moreover, this technology could potentially reduce the need for imports and lo...
Quote on Fertilizer sector outlook By Yadhu Ramachandran, Geojit Financial Services
Quote on Fertilizer sector outlook By Yadhu Ramachandran, Geojit Financial Services
Source: Geojit Financial Services
27/04/2023 7:41:49 PM
Stocks related to fertilizer sector jump on the BSE Gujarat State Fertilizers & Chemicals is currently trading at Rs. 153.30, up by 25.55 points or 20.00% from its previous closing of Rs. 127.75 on the BSE. Chambal Fertilisers and Chemicals is currently trading at Rs. 283.65, up by 8.60 points or 3.13% from its previous closing of Rs. 275.05 on the BSE. Zuari Agro Chemicals is currently trading at Rs. 134.85, up by 2.35 points or 1.77% from its previous closing of Rs. 132.50 on the BSE. Amid the government of India’s continu...
Stocks related to fertilizer sector jump on the BSE
Stocks related to fertilizer sector jump on the BSE
Source: Accord Fintech
26/04/2023 3:32:29 PM
Ind-Ra maintains neutral outlook for fertilizer sector for FY24 Amid the government of India’s continued policy-level support to the industry by way of the healthy subsidy budget, credit rating agency, India Ratings and Research (Ind-Ra) has maintained a neutral outlook for the fertilizer sector for FY24. A neutral outlook is also on the back of moderation in the raw material prices across urea and nutrient-based fertilizers starting 4QFY23, coupled with the likelihood of a continued healthy demand in view of the GoI’s focus to increase farmer...
Ind-Ra maintains neutral outlook for fertilizer sector for FY24
Ind-Ra maintains neutral outlook for fertilizer sector for FY24
Source: Accord Fintech
26/04/2023 1:49:43 PM
Fertilisers Sector Update : Focus on reducing dependency on imported fertilisers in long run By Anand Rathi Share and Stock Brokers We hosted a virtual investor conference with Arvind Choudhary, DirectorGeneral, The Fertiliser Association of India. We discussed IndianMagriculture regarding changing patterns of fertiliser consumption and  benefits of nano-urea. Key highlights of our interactions follow. Indian agriculture. India has been running one of the largest food-security programmes in the world and recorded its highest agricultural production in 2022- 23. The government aims to maintain 3-4% growth in agricu...
Fertilisers Sector Update : Focus on reducing dependency on imported fertilisers in long run By Anand Rathi Share and Stock Brokers
Fertilisers Sector Update : Focus on reducing dependency on imported fertilisers in long run By Anand Rathi Share and Stock Brokers
Source: Anand Rathi Share and Stock Brokers
25/04/2023 12:50:17 PM
Country's fertiliser imports rise by 3.9% to 19.04 lakh tonnes in January this year: Fertiliser Ministry The Fertiliser Ministry in its latest data showed that the country's fertiliser imports rose by 3.9 per cent to 19.04 lakh tonnes in January this year compared to the year-ago period.  The country imported 18.33 lakh tonnes of fertilisers during January 2022. According to the latest data, of the total imports of 19.04 lakh tonne, 10.65 lakh tonnes of urea, 5.62 lakh tonnes of Di-ammonium Phosphate (DAP), 1.14 lakh tonnes of Muriate of Potash (MoP) and 1.63 lakh tonnes of complexes we...
Country's fertiliser imports rise by 3.9% to 19.04 lakh tonnes in January this year: Fertiliser Ministry
Country's fertiliser imports rise by 3.9% to 19.04 lakh tonnes in January this year: Fertiliser Ministry
Source: Accord Fintech
28/02/2023 10:30:33 AM
Coromandel International jumps on reporting 38% rise in Q3 consolidated net profit Coromandel International is currently trading at Rs. 894.00, up by 19.50 points or 2.23% from its previous closing of Rs. 874.50 on the BSE. The scrip opened at Rs. 873.50 and has touched a high and low of Rs. 894.45 and Rs. 869.20 respectively. So far 16172 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1094.40 on 01-Sep-2022 and a 52 week low of Rs. 730.00 on 24-Feb-2022. Last one week high and low of the scr...
Coromandel International jumps on reporting 38% rise in Q3 consolidated net profit
Coromandel International jumps on reporting 38% rise in Q3 consolidated net profit
Source: Accord Fintech
6/02/2023 12:21:59 PM
Morocco plans to sell India 1.7 million tonnes of fertilisers in 2023  Moroccan phosphates and fertilisers producer OCP said on Sunday it plans to supply India with 1.7 million tonnes of phosphate-based fertilisers in 2023. The supply agreements were signed during a visit by Indian health, chemicals and fertilisers minister Mansukh Mandaviya to Rabat. Under the deals, Morocco's OCP will supply India with 700,000 tonnes of a nitrogen-free fertiliser known as triple super phosphate (TSP), in addition to 1 million tonnes of diammonium phosphate (DAP...
Morocco plans to sell India 1.7 million tonnes of fertilisers in 2023
Morocco plans to sell India 1.7 million tonnes of fertilisers in 2023
Source: Reuters
23/01/2023 9:16:37 AM
Talcher fertiliser plant to start functioning by October 2024: Union Fertilizer Minister Mansukh Mandaviya The ambitious Talcher fertilizer plant will be dedicated to the nation by October 2024, Union Fertilizer Minister Mansukh Mandaviya said on Saturday. While reviewing the progress of the Talcher fertiliser plant in the presence of Union Minister Dharmendra Pradhan, Mandaviya said, "India's agriculture sector requires fertilizers for the sector to flourish and the country is currently dependent on imports and domestic production of fertilizers. Under the visionary leadership of Prim...
Talcher fertiliser plant to start functioning by October 2024: Union Fertilizer Minister Mansukh Mandaviya
Talcher fertiliser plant to start functioning by October 2024: Union Fertilizer Minister Mansukh Mandaviya
Source: IANS
8/01/2023 9:12:21 AM
Coromandel International inches up on incorporating wholly owned subsidiary Coromandel International is currently trading at Rs. 902.65, up by 2.65 points or 0.29% from its previous closing of Rs. 900.00 on the BSE. The scrip opened at Rs. 900.00 and has touched a high and low of Rs. 903.95 and Rs. 895.90 respectively. So far 2097 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1094.40 on 01-Sep-2022 and a 52 week low of Rs. 730.00 on 24-Feb-2022. Last one week high and low of the scrip...
Coromandel International inches up on incorporating wholly owned subsidiary
Coromandel International inches up on incorporating wholly owned subsidiary
Source: Accord Fintech
29/12/2022 10:13:11 AM
India tweaks gas procurement norms for fertiliser firms to cut costs India has tweaked the gas procurement policy for fertiliser companies, allowing them to buy about a fifth of their monthly needs through the local spot market to help the government cut its subsidy bill, two government sources told Reuters. The government has amended the 2015 gas procurement guidelines under which fertiliser plants had to procure 80% of their gas needs through long-term contracts and the balance through three-month tenders. "Three-month prices are high as there is ...
India tweaks gas procurement norms for fertiliser firms to cut costs
India tweaks gas procurement norms for fertiliser firms to cut costs
Source: Reuters
22/12/2022 2:27:39 PM
Deepak Fertilisers gains on the BSE Deepak Fertilisers And Petrochemicals Corporation is currently trading at Rs. 835.95, up by 23.55 points or 2.90% from its previous closing of Rs. 812.40 on the BSE. The scrip opened at Rs. 817.10 and has touched a high and low of Rs. 861.00 and Rs. 817.10 respectively. So far 164353 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1061.70 on 21-Oct-2022 and a 52 week low of Rs. 355.85 on 20-Dec-2021. Last one w...
Deepak Fertilisers gains on the BSE
Deepak Fertilisers gains on the BSE
Source: Accord Fintech
16/12/2022 11:51:21 AM
Dharmaj Crop Guard lists with 12.24% premium on the BSE Dharmaj Crop Guard has debuted at Rs 266.00 on the BSE, up by 29 points or 12.24% from its issue price of Rs 237. The scrip is currently trading at Rs 275.30, up by 38.30 points or 16.16% from its issue price. It has touched a high and low of Rs 278.90 and Rs 265.95 respectively. So far 4.99 lakh shares were traded on the counter. The offering, which was open for subscription between November 28, 2022 and November 30, 2022 was subscribed 35 times. The issue price was fixed at Rs 237 per...
Dharmaj Crop Guard lists with 12.24% premium on the BSE
Dharmaj Crop Guard lists with 12.24% premium on the BSE
Source: Accord Fintech
8/12/2022 11:03:51 AM
Government fertiliser subsidy to rise to Rs 2.3-2.5 lakh crore in FY23; may fall 25% in FY24: FAI Fertilisers Association of India (FAI) has said that the government's fertiliser subsidy will rise to Rs 2.3-2.5 lakh crore in this fiscal (FY23) but the bill may fall by 25 per cent in the 2023-24 financial year with moderation in global prices. FAI expressed concern that the fixed cost of urea has not been increased affecting the viability of urea plants. It also pointed out that the industry is running on a very thin margin, which is hampering new investments in this sector. The ind...
Government fertiliser subsidy to rise to Rs 2.3-2.5 lakh crore in FY23; may fall 25% in FY24: FAI
Government fertiliser subsidy to rise to Rs 2.3-2.5 lakh crore in FY23; may fall 25% in FY24: FAI
Source: Accord Fintech
7/12/2022 12:06:43 PM
Adequate fertilisers available to meet needs of farmers in Rabi season, says Centre The Centre on Friday said that there is adequate availability of fertilisers in the country to meet the needs of farmers during the Rabi season. The government is sending fertilisers as per need to all states, and it is the responsibility of respective state governments to ensure availability within the states through proper intra-district and inter-district distribution, the Ministry of Chemical and Feritilisers said in a statement on Friday. All India requirement projected for urea du...
Adequate fertilisers available to meet needs of farmers in Rabi season, says Centre
Adequate fertilisers available to meet needs of farmers in Rabi season, says Centre
Source: IANS
19/11/2022 10:45:12 AM
UPL Result Update : Numbers are looking really strong Says Anmol Das, Teji Mandi Below is perspective on UPL Ltd Quarterly Result by Mr Anmol Das, Head of Research, Teji Mandi 1. There is a definite beat as far as UPL numbers are concerned and it has come on the margin front as it is up 30bps from the estimates and  higher by around 300bps on a YoY basis. This is on account of improved realizations, better product mix and efficient supply chain management. 2. Profits at Rs 814 crore are slightly lower on account of higher finance cost both on a QoQ...
UPL Result Update : Numbers are looking really strong Says Anmol Das, Teji Mandi
UPL Result Update : Numbers are looking really strong Says Anmol Das, Teji Mandi
Source: PR Agency
2/11/2022 9:36:10 AM
Government`s fertilizer subsidy bill could increase by Rs 40,000 crore this financial year: Crisil Rating agency CRISIL Ratings has said that the government's fertilizer subsidy bill could increase by Rs 40,000 crore this financial year from the already-announced allocation of Rs 2.15 lakh crore because of the continued surge in the prices of the key raw material -- natural gas -- for manufacturing urea. The agency said any delay in increased allocation and disbursement would lead to higher working capital requirements and moderate the credit metrics of fertiliser makers. CRISI...
Government`s fertilizer subsidy bill could increase by Rs 40,000 crore this financial year: Crisil
Government`s fertilizer subsidy bill could increase by Rs 40,000 crore this financial year: Crisil
Source: Accord Fintech
28/10/2022 10:56:32 AM
Coromandel International trades higher as its venture capital arm invests in drone startup dhaksha unmanned systems Coromandel International is currently trading at Rs. 1025.00, up by 3.95 points or 0.39% from its previous closing of Rs. 1021.05 on the BSE. The scrip opened at Rs. 1021.05 and has touched a high and low of Rs. 1040.20 and Rs. 1021.05 respectively. So far 14123 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1094.40 on 01-Sep-2022 and a 52 week low of Rs. 709.55 on 20-Dec-2021. Last one week high and low of the...
Coromandel International trades higher as its venture capital arm invests in drone startup dhaksha unmanned systems
Coromandel International trades higher as its venture capital arm invests in drone startup dhaksha unmanned systems
Source: Accord Fintech
15/09/2022 3:52:24 PM
SPIC Q1 net profit zooms 141.51% at Rs 66.85 cr The company reported standalone net profit of Rs 66.85 crore for the quarter ended June 30, 2022 as compared to Rs 27.68 crore in the same period last year, registering a year-on-year growth of 141.51 per cent. Net revenue of the company rose substantially by 50.70 per cent at Rs 748.71 crore in April-June quarter of this fiscal as against Rs 496.83 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 46.53 per cent to Rs 667.68 crore from...
SPIC Q1 net profit zooms 141.51% at Rs 66.85 cr
SPIC Q1 net profit zooms 141.51% at Rs 66.85 cr
Source: Dion Global Solutions Ltd
17/08/2022 11:51:59 AM
Buy Gujarat Narmada Valley Fertilizers & Chemicals Ltd For Target Rs.630 - Religare Broking Religare Super Idea**   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330   Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
Buy Gujarat Narmada Valley Fertilizers & Chemicals Ltd For Target Rs.630 - Religare Broking
Buy Gujarat Narmada Valley Fertilizers & Chemicals Ltd For Target Rs.630 - Religare Broking
Source: Religare Broking Ltd
28/06/2022 11:10:09 AM
LKP Spade, Weekly Pick - Buy Gujarat State Fertilizers and Chemicals Ltd For Target Rs.156 - LKP Securities Gujarat State Fertilizers and Chemicals Limited * The stock has moved above its recent consolidation. On the daily chart, a double bottom formation is visible.  * The daily RSI is in a bullish crossover. * Over the short term, the stock is likely to move towards 149 and higher; on the lower end, support is visible at 135. Gujarat State Fertilizers and Chemicals Ltd Buy @ Rs. 142 Stop Loss Below  Rs.134.9 CB Target Rs. 149/156 Duration&nb...
LKP Spade, Weekly Pick - Buy Gujarat State Fertilizers and Chemicals Ltd For Target Rs.156 - LKP Securities
LKP Spade, Weekly Pick - Buy Gujarat State Fertilizers and Chemicals Ltd For Target Rs.156 - LKP Securities
Source: LKP Securities Ltd
27/06/2022 12:58:38 PM
Nagarjuna Fertilizer posts Q4 net loss of Rs 145.57 cr The company reported standalone net loss during the quarter stood at Rs 145.57 crore as compared to net loss of Rs 219.00 crore in the previous year quarter. Net revenue of the company rose substantially by 94.00 per cent at Rs 778.09 crore in January-March quarter of this fiscal as against Rs 401.07 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 65.58 per cent to Rs 837.96 crore from Rs 506.07 crore in year ago period. Other Inco...
Nagarjuna Fertilizer posts Q4 net loss of Rs 145.57 cr
Nagarjuna Fertilizer posts Q4 net loss of Rs 145.57 cr
Source: Dion Global Solutions Ltd
15/06/2022 10:16:01 AM
Fertiliser costs could prolong global food tensions - FAO PARIS - Spiralling costs for farm inputs like fertiliser could deter growers from expanding production and worsen food security in poorer countries facing record import bills, the United Nations' food agency said on Thursday. An index of input costs for farmers was running at a record high and had climbed more steeply than food prices in the past year, suggesting low prices in real terms for many farmers, the Food and Agriculture Organization (FAO) said in a report. "The f...
Fertiliser costs could prolong global food tensions - FAO
Fertiliser costs could prolong global food tensions - FAO
Source: Reuters
9/06/2022 2:30:54 PM
Kothari Industrial Corporation posts Q4 net loss of Rs 13.90 cr The company reported standalone net loss during the quarter stood at Rs 13.90 crore as compared to net loss of Rs 0.54 crore in the previous year quarter. Net revenue of the company declined moderately by 13.21 per cent at Rs 1.38 crore in January-March quarter of this fiscal as against Rs 1.59 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 27.76 per cent to Rs 3.36 crore from Rs 2.63 crore in year ago period. Other Income grew by 28...
Kothari Industrial Corporation posts Q4 net loss of Rs 13.90 cr
Kothari Industrial Corporation posts Q4 net loss of Rs 13.90 cr
Source: Dion Global Solutions Ltd
1/06/2022 4:44:28 PM
Zuari Agro Chemicals zooms on selling fertilizer plant, associated businesses to Paradeep Phosphates Zuari Agro Chemicals is currently trading at Rs. 149.65, up by 11.15 points or 8.05% from its previous closing of Rs. 138.50 on the BSE. The scrip opened at Rs. 139.90 and has touched a high and low of Rs. 154.50 and Rs. 139.90 respectively. So far 85633 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 218.40 on 21-Apr-2022 and a 52 week low of Rs. 93.00 on 02-Jun-2021. Last one week high and low of the scrip st...
Zuari Agro Chemicals zooms on selling fertilizer plant, associated businesses to Paradeep Phosphates
Zuari Agro Chemicals zooms on selling fertilizer plant, associated businesses to Paradeep Phosphates
Source: Accord Fintech
1/06/2022 12:36:22 PM
Output of eight core sectors grow by 8.4% in April The growth of eight core infrastructure industries grew by 8.4 per cent in April 2022 as against 62.6 per cent expansion in the year-ago period, on the back of better performance by coal, refinery products and electricity segments. The growth in these eight sectors was 62.6 per cent in April last year due to a low base effect caused by pandemic-induced lockdowns. The Eight Core Industries - coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity - comprise ...
Output of eight core sectors grow by 8.4% in April
Output of eight core sectors grow by 8.4% in April
Source: Accord Fintech
1/06/2022 10:57:08 AM
Buy Mangalore Chemicals and Fertilisers Ltd For Target Rs.117 - SKP Securities Company Background Mangalore Chemicals and Fertilisers Ltd. (MCFL), a part of Adventz Group of Mr Saroj Poddar, is amongst India’s most integrated fertilizer companies, manufacturing Urea, DAP, NPK and other complex fertilizers; at its plant located near Mangaluru, Karnataka, with an installed capacity of ~681,500 MTPA, sold under ‘Mangala’ brand, having strong presence in South India. It also sells externally sourced products like DAP, MOP, specialty fertilizers, and oth...
Buy Mangalore Chemicals and Fertilisers Ltd For Target Rs.117 - SKP Securities
Buy Mangalore Chemicals and Fertilisers Ltd For Target Rs.117 - SKP Securities
Source: SKP Securities Ltd
21/05/2022 9:35:12 AM
Paradeep Phosphates IPO ends with decent subscription The offer received bids for 47.02 crore shares as against 26.86 crore shares on offer. The initial public offer (IPO) of Paradeep Phosphates (PPL) received bids for 47,02,00,150 shares as against 26,86,76,858 shares on offer. The issue was subscribed 1.75 times. The qualified institutional buyers (QIBs) category was subscribed 3.01 times. The retail investors category was subscribed 1.37 times. The non-institutional investors category was subscribed 82%. The issue opened for bidding on Tuesda...
Paradeep Phosphates IPO ends with decent subscription
Paradeep Phosphates IPO ends with decent subscription
Source: Dion Global Solutions Ltd
20/05/2022 11:48:10 AM
IPO Note - Paradeep Phosphates Ltd By Choice Broking Salient features of the IPO: • Fertilizer company Paradeep Phosphates Ltd. (PPL), is coming up with an IPO to raise around Rs. 1,500cr, which opens on 17th May and closes on 19th May 2022. The price band is Rs. 39 - 42 per share. • The Government of India as one of the promoter entities, is fully offloading its stake (19.55%) in the company. • The IPO is a combination of fresh issue and OFS portion. The company will not receive any proceeds from the OFS portion. Of the...
IPO Note - Paradeep Phosphates Ltd By Choice Broking
IPO Note - Paradeep Phosphates Ltd By Choice Broking
Source: Choice Broking Pvt Ltd
16/05/2022 5:00:34 PM
Output of eight core sectors slows down to 4.3% in March The growth of eight core infrastructure industries slowed down to 4.3 per cent in March against 12.6 per cent in the year-ago period due to a decline in the output of coal and crude oil. Though for the full 2021-22 fiscal, the core sector recorded a 10.4 per cent expansion as compared to a contraction of 6.4 per cent in 2020-21. The Eight Core Industries - coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity - comprise 40.27 percent of the weight of item...
Output of eight core sectors slows down to 4.3% in March
Output of eight core sectors slows down to 4.3% in March
Source: Accord Fintech
2/05/2022 11:12:34 AM
India approves $8 billion subsidy for phosphate-based fertilizers NEW DELHI - India will provide a subsidy of 609.4 billion rupees ($7.96 billion) for phosphatic and potash-based fertilisers over the coming months to insulate farmers from higher global prices, information and broadcasting minister Anurag Singh Thakur said. The subsidy will cover the period to September 2022. India provided a subsidy of 571.5 billion rupees for the previous 12 month period ending March 31, the minister said. A subsidy of 2,501 rupees for each 50 kg bag of the crop...
India approves $8 billion subsidy for phosphate-based fertilizers
India approves $8 billion subsidy for phosphate-based fertilizers
Source: Reuters
27/04/2022 5:07:04 PM
Dramatic fall in organic fertiliser production in India from 2017-18 to 2020-21: CSE report In 2020-21, India produced 3.88 million tonnes of organic fertilisers, a dramatic decrease from 338.72 million tonne in 2017-18, a new report said adding that a targeted, ambitious, and well-funded nationwide programme is needed to drive the change towards organic and natural farming. The Centre has initiated several schemes and programmes through which it promotes production and use of biofertilisers and organic fertilisers. These schemes include those aimed at farmers to promote organ...
Dramatic fall in organic fertiliser production in India from 2017-18 to 2020-21: CSE report
Dramatic fall in organic fertiliser production in India from 2017-18 to 2020-21: CSE report
Source: IANS
25/04/2022 5:06:09 PM
Stock Picks - Buy National Fertilizers Ltd For Target Rs. 68.50 - ICICI Direct Technical Observations • The fertilizers stocks has seen a strong rebound in the last two months and is seen forming higher high-low in all time frame. Our preferred pick within the fertilizer stock is National Fertilizers, which we expect to outperform going ahead • The stock during current week has registered a breakout above the bullish rounding formation signalling resumption of up move and offers fresh entry opportunity • We expect the stock to head towards | 68.5...
Stock Picks - Buy National Fertilizers Ltd For Target Rs. 68.50 - ICICI Direct
Stock Picks - Buy National Fertilizers Ltd For Target Rs. 68.50 - ICICI Direct
Source: ICICI Direct
22/04/2022 12:34:33 PM
Price Woes: Fertiliser subsidy bill set to touch Rs 1.65 lk cr The Centre's fertiliser subsidy bill is set to touch an all-time high of Rs 1.65 lakh crore this fiscal against Rs 1.05 lakh crore budgeted, due to an unprecedented rise in the cost of raw materials. As per Crisil Ratings, in the past two fiscals, it has paid an additional Rs 1.2 lakh crore and increased the budgeted subsidy. However, the credit ratings agency said that steep rise in raw material prices has been negating this, and another intervention may be needed in this fiscal. ...
Price Woes: Fertiliser subsidy bill set to touch Rs 1.65 lk cr
Price Woes: Fertiliser subsidy bill set to touch Rs 1.65 lk cr
Source: IANS
21/04/2022 3:21:02 PM
Gujarat State Fertilizers & Chemicals falls as LIC offloads 2.01% stake in the company Gujarat State Fertilizers & Chemicals is currently trading at Rs. 176.20, down by 3.70 points or 2.06% from its previous closing of Rs. 179.90 on the BSE. The scrip opened at Rs. 179.50 and has touched a high and low of Rs. 179.50 and Rs. 173.40 respectively. So far 120583 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 198.70 on 05-Apr-2022 and a 52 week low of Rs. 82.60 on 13-Apr-2021. Last one week high a...
Gujarat State Fertilizers & Chemicals falls as LIC offloads 2.01% stake in the company
Gujarat State Fertilizers & Chemicals falls as LIC offloads 2.01% stake in the company
Source: Accord Fintech
12/04/2022 11:59:55 AM
Zuari Agro Chemicals trades higher on raising Rs 90 crore through NCDs Zuari Agro Chemicals is currently trading at Rs. 122.65, up by 1.85 points or 1.53% from its previous closing of Rs. 120.80 on the BSE. The scrip opened at Rs. 120.80 and has touched a high and low of Rs. 123.65 and Rs. 117.95 respectively. So far 4605 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 158.90 on 12-Jul-2021 and a 52 week low of Rs. 83.30 on 12-Apr-2021. Last one week high and low of the scrip stoo...
Zuari Agro Chemicals trades higher on raising Rs 90 crore through NCDs
Zuari Agro Chemicals trades higher on raising Rs 90 crore through NCDs
Source: Accord Fintech
28/02/2022 12:20:47 PM
Rama Phosphates trades higher on the BSE Rama Phosphates is currently trading at Rs. 358.95, up by 7.30 points or 2.08% from its previous closing of Rs. 351.65 on the BSE. The scrip opened at Rs. 352.35 and has touched a high and low of Rs. 359.50 and Rs. 352.00 respectively. So far 2673 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 505.05 on 23-Jul-2021 and a 52 week low of Rs. 106.00 on 19-Feb-2021. Last one week high and low of the scrip stood at...
Rama Phosphates trades higher on the BSE
Rama Phosphates trades higher on the BSE
Source: Accord Fintech
18/02/2022 11:45:02 AM
Buy Mangalore Chemicals and Fertilisers Ltd For Target Rs.120 - SKP Securities Company Background Mangalore Chemicals and Fertilisers Ltd. (MCFL), a part of Adventz Group of Mr Saroj Poddar, is amongst India’s most integrated fertilizer companies, manufacturing Urea, DAP, NPK and other complex fertilizers; at its plant located near Mangaluru, Karnataka, with an installed capacity of ~681,500 MTPA, sold under ‘Mangala’ brand, having strong presence in South India. It also sells externally sourced products like DAP, MOP, specialty fertilizers, and oth...
Buy Mangalore Chemicals and Fertilisers Ltd For Target Rs.120 - SKP Securities
Buy Mangalore Chemicals and Fertilisers Ltd For Target Rs.120 - SKP Securities
Source: SKP Securities Ltd
11/02/2022 10:48:59 AM
Stock Picks - Buy Rashtriya Chemicals and Fertilizers Ltd For Target Rs.85 - ICICI Direct Technical Observations * The stock has generated a breakout above a falling supply line joining highs since September 2021 (| 89) signaling resumption of up move and offers fresh entry opportunity * It is seen sustaining and forming a base above the 50 days EMA (currently placed at | 76) signaling strength and a positive price structure * We expect the stock to continue with its positive momentum and head towards | 85 levels in the coming sessions as it is the 80% retracement of...
Stock Picks - Buy Rashtriya Chemicals and Fertilizers Ltd For Target Rs.85 - ICICI Direct
Stock Picks - Buy Rashtriya Chemicals and Fertilizers Ltd For Target Rs.85 - ICICI Direct
Source: ICICI Direct
12/01/2022 11:28:51 AM
Stock Picks - Buy Chambal Fertilisers and Chemicals Ltd For Target Rs.433 - ICICI Direct Technical Observations * The fertilizer stocks are witnessing fresh buying demand. Our preferred pick within the fertilizer space is Chambal fertilizers which we expect to outperform * The stock has recently witnessed a fresh buying demand from the rising demand line joining lows of the last three months and the 50 days EMA (currently at | 378) signals positive bias and offers fresh entry opportunity * We expect the stock to continue with its positive momentum and head towards |...
Stock Picks - Buy Chambal Fertilisers and Chemicals Ltd For Target Rs.433 - ICICI Direct
Stock Picks - Buy Chambal Fertilisers and Chemicals Ltd For Target Rs.433 - ICICI Direct
Source: ICICI Direct
5/01/2022 11:24:20 AM
Government decides to make changes to existing NBS policy to promote local production of P&K fertilizer In order to promote domestic production of phosphatic and potassic (P&K) fertilisers amid a sharp rise in global prices, the government has decided to make changes to the existing nutrient based subsidy (NBS) policy. This decision will help in utilising the unutilised domestic production capacity of these fertilisers and promote Atmanirbhar Bharat. Under the NBS policy, being implemented since April 2010, a fixed amount of subsidy which is decided on an annual basis is provided on P&am...
Government decides to make changes to existing NBS policy to promote local production of P&K fertilizer
Government decides to make changes to existing NBS policy to promote local production of P&K fertilizer
Source: Accord Fintech
27/12/2021 11:04:57 AM
Buy Coromandel International Ltd For Target Rs.1,035 - Motilal Oswal Near-term challenges on higher RM In this note we have analyzed the volume performance for CRIN in 3QFY22, the trend in its key RMs, Rabi sowing in its key markets, and capacity expansion in sulfuric acid. The key insights are highlighted below: Manufacturing volumes offtake remains higher on a low base of last year * As per the Ministry of Fertilizer, CRIN’s overall volumes in Oct-Nov’21 declined by 20% YoY due to a 78% fall in trading volumes, whereas manufacturing volu...
Buy Coromandel International Ltd For Target Rs.1,035 - Motilal Oswal
Buy Coromandel International Ltd For Target Rs.1,035 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
17/12/2021 9:22:40 AM
Stock Idea - Southern Petrochemical Industries Corporation Ltd By Choice Broking Ona monthly chart, Stock has given a breakout of rounding bottom formation at 35.40 level and made a high at 68.45 levels but showed profit booking from a higher level and made a low at 43.10, from there the stock has taken support from the horizontal line and showedbounce back movement. On a weekly chart, the stock has given a break out of “Pennant Pattern”, which indicates an upside move in the counter. On a daily chart, the stock has given a breakout falling trendline whi...
Stock Idea - Southern Petrochemical Industries Corporation Ltd By Choice Broking
Stock Idea - Southern Petrochemical Industries Corporation Ltd By Choice Broking
Source: Choice Broking
10/12/2021 3:04:13 PM
Stock Picks - Buy Chambal Fertilisers and Chemicals Ltd For Target Rs.436 - ICICI Direct Technical Observations * The share price of Chambal fertilizers has registered a resolute breakout above the last two months triangular consolidation signals resumption of up move and offers fresh entry opportunity * The base of the recent consolidation is placed at the 50 days EMA (currently placed at |359) which has acted as strong support for the stock in the entire up move since May 2020 signaling strength and a positive price structure * We expect the stock to maintain posi...
Stock Picks - Buy Chambal Fertilisers and Chemicals Ltd For Target Rs.436 - ICICI Direct
Stock Picks - Buy Chambal Fertilisers and Chemicals Ltd For Target Rs.436 - ICICI Direct
Source: ICICI Direct
6/12/2021 12:27:49 PM
Centre releases Rs 100 cr for Assam fertilizer plant Hours after Assam Chief Minister Himanta Biswa Sarma met Union Minister of Chemicals and Fertilizers, Mansukh Mandaviya, in New Delhi on Tuesday, the Centre released Rs 100 crore for the revival of the Brahmaputra Valley Fertilizers Corporation Limited (BVFCL), officials said here. The officials said the Rs 100 crore package would facilitate the revival of Units II and III of the BVFCL at Namrup in Dibrugarh district. Thanking the Union Minister, Sarma tweeted: "This (financial aid...
Centre releases Rs 100 cr for Assam fertilizer plant
Centre releases Rs 100 cr for Assam fertilizer plant
Source: IANS
10/11/2021 9:58:34 AM