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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%.
 

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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%.
 

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Business Standard
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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