Fertiliser companies are set to post healthy earnings growth, driven by volume growth in the Urea biz and sizeable cost savings in producing phosphoric acid for complex fertiliser makers
The catalyst for this rally in fertiliser shares was the anticipated increase in the price of Di-Ammonia Phosphate (DAP), the second most widely used fertiliser in India after urea
On Wednesday, after market hours, Chambal Fertilisers reported its Q2 numbers that showed the company registered a consolidated net profit of Rs 536.36 crore
Derivatives market update Oct 15: In case of Bank Nifty the max pain is seen at 51,800; with the PCR rising to 1 - tilt towards a bullish bias is observed, says SAMCO Securities analyst.
Derivatives market update Oct 14: The Nifty weekly options data shows a tug-of-war between the bulls and the bears at the 25,000 Strike Price. FIIs continue to hold notable shorts in Bank Nifty.
Derivatives market update for Sept 20: Technically, Nifty has formed a Shooting Star-like pattern on daily scale, signalling exhaustion of buying pressure, said analyst at Asit C. Mehta Investment
Derivatives market update for Sept 06: The Nifty PCR dipped from 0.74, while Bank Nifty to 0.78; reflecting a cautionary trend said Dhupesh Dhameja of SAMCO Securities. Max Financial see short buildup
Derivatives market update: 12 stocks including Balrampur Chini, GNFC, India Cement, LIC Housing and National are in F&O ban on Thursday; 2 stocks see buildup up short positions; details here