You are here: Home » Markets » News

Chambal Fertilisers surges after promoter raises stake

The stock surged 11% to Rs 64.50 after the company said its promoter, The Hindustan Times increased stake via open market purchase.

has surged 11% to Rs 64.50 on BSE after the company said its promoter, The increased stake in the company through open purchase.

“On October 13, bought 100,000 shares representing 0.02% stake in the company via open market,” said in a statement.

Post acquisition, stake in Chambal Fertilisers increased to 12.557% from 12.533% earlier, it added.

At 02:31 pm, the stock was up 95 at Rs 63.30 on BSE. The trading volumes on the counter more than tripled with a combined 3.32 million shares changed hands on BSE and NSE.

Meanwhile, Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), Deepak Fertilisers & Petrochemicals Corporation, Rashtriya Chemicals and Fertilizers (RCF), Gujarat State Fertilizers & Chemicals (GSFC) and Zuari Agro Chemicals are other fertiliser stocks too trading higher between 5%-8%.
 

image
Business Standard
177 22
Business Standard

Chambal Fertilisers surges after promoter raises stake

The stock surged 11% to Rs 64.50 after the company said its promoter, The Hindustan Times increased stake via open market purchase.

SI Reporter  |  Mumbai 

Chambal Fertilisers surges on stake buy by promoter

has surged 11% to Rs 64.50 on BSE after the company said its promoter, The increased stake in the company through open purchase.

“On October 13, bought 100,000 shares representing 0.02% stake in the company via open market,” said in a statement.


Post acquisition, stake in Chambal Fertilisers increased to 12.557% from 12.533% earlier, it added.

At 02:31 pm, the stock was up 95 at Rs 63.30 on BSE. The trading volumes on the counter more than tripled with a combined 3.32 million shares changed hands on BSE and NSE.

Meanwhile, Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), Deepak Fertilisers & Petrochemicals Corporation, Rashtriya Chemicals and Fertilizers (RCF), Gujarat State Fertilizers & Chemicals (GSFC) and Zuari Agro Chemicals are other fertiliser stocks too trading higher between 5%-8%.
 

RECOMMENDED FOR YOU

Chambal Fertilisers surges after promoter raises stake

The stock surged 11% to Rs 64.50 after the company said its promoter, The Hindustan Times increased stake via open market purchase.

The stock surged 11% to Rs 64.50 after the company said its promoter, The Hindustan Times increased stake via open market purchase.
has surged 11% to Rs 64.50 on BSE after the company said its promoter, The increased stake in the company through open purchase.

“On October 13, bought 100,000 shares representing 0.02% stake in the company via open market,” said in a statement.

Post acquisition, stake in Chambal Fertilisers increased to 12.557% from 12.533% earlier, it added.

At 02:31 pm, the stock was up 95 at Rs 63.30 on BSE. The trading volumes on the counter more than tripled with a combined 3.32 million shares changed hands on BSE and NSE.

Meanwhile, Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), Deepak Fertilisers & Petrochemicals Corporation, Rashtriya Chemicals and Fertilizers (RCF), Gujarat State Fertilizers & Chemicals (GSFC) and Zuari Agro Chemicals are other fertiliser stocks too trading higher between 5%-8%.
 

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard