National Fertilizers

The better-than-expected retail inflation data and expectations of a good monsoon season ahead have lifted the sentiment around fertiliser stocks

Vinay Rajani of HDFC Securities has suggested buying Care Ratings and NFL. Here's why

State-owned National Fertilizers Ltd (NFL) will pick up an 18 per cent stake for about Rs 572 crore in a proposed joint venture to establish a urea plant in Assam. In a regulatory filing on Friday, NFL informed that its board has given "consent to enter into Joint Venture Agreement with other nominated companies to form a Joint Venture company for setting up of a new Ammonia-Urea Complex Namrup-IV Fertilizer Plant at Namrup, Assam". NFL will have an 18 per cent stake in the joint venture, which is being incorporated. The cost of acquisition of the 18 per cent shareholding is estimated at Rs 572.45 crore, the filing said. Last month, the Union Cabinet approved the proposal for setting up of a new Brownfield Ammonia-Urea Complex of 12.7 lakh tonnes annual capacity of urea production within the existing premises of Brahmaputra Valley Fertilizer Corporation Ltd (BVFCL), Namrup Assam, with an estimated total project cost of Rs 10,601.40 crore with debt equity ratio of 70:30 through a joi

Shares of state owned National Fertilizers jumped up to 6.1 per cent to hit an intraday high of Rs 114.95 a piece on Monday

The state-run agricultural chemicals maker reported a consolidated profit of Rs 12.07 crore ($1.4 million) for the quarter ended Sept. 30, compared to a loss of Rs 87.1 crore a year ago

In the pre-Budget consultations with the finance minister, the agri sector had sought rationalisation of fertiliser subsidies and hike in investment for agricultural research.

On the broader market outlook, Vinay Rajani the technical & derivative analyst expects the Nifty to move in the 17,842-176,84 range in the near term.

The average trading volumes on the counter jumped nearly 10-fold, as around 14.35 million equity shares, which represented 3 per cent of total equity of NFL changed hands on the NSE and BSE so far

The overall trend in the fertiliser space remains bullish, with stocks like Chambal Fertilizers & Chemicals, Aries Agro and National Fertilizers indicating strong upside ahead

The financial condition of state-run fertiliser companies is completely dependent on subsidies and prices, which are majorly dictated by the government in India

Under 'One Nation One Fertiliser' all fertiliser bags, irrespective of their contents or the company that manufactures them, will carry a uniform brand name called "Bharat"

Select stocks have soared more than 50 per cent in the last one month riding the commodity boom.

Deepak Fertilisers has broken out of the consolidation range of Rs 390 to Rs 340 levels, and can rally up to Rs 450-odd levels.

National Fertilizers Ltd on Friday posted a decline in its consolidated net profit

The government is likely to sell shares in two fertiliser companies -- RCF and NFL -- by December-end to garner over Rs 1,200 crore, an official said. The offer for sale (OFS) would be for 10 per cent of government stake in Rashtriya Chemicals & Fertilizers Ltd (RCF) and 20 per cent in National Fertilizers Ltd (NFL). "The transactions could fetch around Rs 1,200 crore to Rs 1,500 crore", the official told PTI. The merchant bankers for the transaction have already been appointed. The official further said that considering the steps taken by the government for the fertiliser sector, the valuation of the shares could improve in the coming months. Shares of RCF closed at Rs 72.25, while that of NFL at Rs 53.95 on the BSE on Friday. The government currently holds 74.71 per cent stake in NFL and 75 per cent in RCF. The government has set an ambitious target of raising Rs 1.75 lakh crore from divestment in 2021-22, higher than Rs 38,000 crore it raised last fiscal. Most disinvestment

A total of 57 companies are slated to post their quarterly numbers today, including BEML, BHEL, Cochin Shipyard, DLF and Edelweiss Financial Services

Government has issued a request for proposals to engage legal advisors, merchant bankers and selling brokers to sell a 20 per cent stake in National Fertilizers via OFS

The government will sell 20 per cent of its stake in National Fertilizers through an offer for sale

Sale could fetch govt around Rs 408 crore

State-run National Fertilizers Ltd (NFL) on Monday said the sale of sulphur-based fertiliser rose more than two-folds to 26,456 tonne during April-October in this fiscal.