Fertilizers shares in focus; GNFC hits new high

GNFC, GSFC, Nagarjuna Fertilizers, Zuari Agro Chemicals, RCF and SPIC were up more than 2% on BSE

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A farm hand sprinkles chemical fertilisers to protect the rice crop from pests that are increasing with heat and high humidity arriving early in Kidangara village, Kuttanad (Photo: Reuters)

SI Reporter Mumbai

Last Updated : Oct 04 2017 | 11:32 AM IST

Shares of fertilizers companies rallied by up to 11% on BSE in intra-day trade on back of heavy volumes.

Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), Gujarat State Fertilizers & Chemicals (GSFC), Nagarjuna Fertilizers and Chemicals, Zuari Agro Chemicals, Rashtriya Chemicals & Fertilizers (RCF) and Southern Petrochemicals (SPIC) were up more than 2% on BSE. On comparison, the benchmark S&P BSE Sensex was up 0.40% at 31,622 points at 10:54 AM.

GNFC hit a record high of Rs 359, up 11% in intra-day trade, extending Tuesday’s 7% rally on the BSE. The trading volumes on the counter jumped