Chambal Fertilisers advances after delivering ship to buyer

Chambal Fertilisers & Chemicals advanced 2.33% to Rs 129.55 at 9:48 IST on BSE after the company said it has delivered a ship to the buyer on 11 July 2017.

The announcement was made after market hours yesterday, 12 July 2017.

Meanwhile, the S&P BSE Sensex was up 205.94 points or 0.65% at 32,010.76. The S&P BSE Mid-Cap index rose 106.40 points or 0.71% at 15,190.74.

On the BSE, 51,000 shares were traded on the counter so far as against the average daily volumes of 3.51 lakh shares in the past one quarter. The stock had hit a high of Rs 131 and a low of Rs 127.10 so far during the day. The stock had hit a record high of Rs 140.80 on 6 July 2017 and a 52-week low of Rs 53.70 on 17 November 2016.

The stock had underperformed the market over the past one month till 12 July 2017, advancing 0.24% compared with the Sensex's 2.28% rise. The stock had, however, outperformed the market over the past one quarter, advancing 48.07% as against the Sensex's 7.29% rise. The scrip had also outperformed the market over the past one year, surging 83.74% as against the Sensex's 14.37% rise.

The mid-cap company has equity capital of Rs 416.21 crore. Face value per share is Rs 10.

Chambal Fertilisers & Chemicals said that it has delivered the ship - Ratna Shalini to the buyer on 11 July 2017. Earlier in May 2017, the company announced that it executed a memorandum of agreement with Rialto Navigation S.A., Liberia for sale of the ship - Ratna Shalini for a consideration of $24.5 million.

Chambal Fertilisers & Chemicals reported net profit of Rs 27.15 crore in Q4 March 2017 as against net loss of Rs 131.16 crore in Q4 March 2016. Net sales declined 23.63% to Rs 1072.76 crore in Q4 March 2017 over Q4 March 2016.

Chambal Fertilisers & Chemicals is one of the largest private sector fertilizer producers in India.

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