Trading guide: How to trade Nifty share price today; check key level, support, stocks to buy
Technical outlook on Deepak Fertilisers, RCF, GSFC, Coromandel International and Chambal Fertiliser shares. Check key support, resistance and target levels here.
Technical chart suggests that the stock could test a key trend line support which the stock has been holding above since November 2023; check key levels here
Shares of Glenmark, Chambal Fertilisers, Blue Dart, Max Healthcare and CCL Products may trade with a positive bias in the near-term as these stocks are favourably placed on the technical charts.
Fertilizer companies should continue to outperform their agrochemical counterparts in Q4FY25, driven by healthy volume growth and better profitability.
The decline in chemical stocks followed the announcement of new tariffs by US President Donald Trump, who imposed a 27 per cent tariff on all imports from India
HDFC Bank stock has confirmed a breakout from a descending trendline, signaling the end of its corrective phase and the start of a fresh upward move
Chambal Fertilisers and Chemicals share price hit a new high of Rs 588.55, gaining 3 per cent on the BSE in Thursday's intraday trade
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
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
The rise in the stock price came after the company posted healthy numbers in the June quarter of financial year 2025 (Q1FY25).
In the derivatives segment, stocks such as India Cement, GMR Infra, Chambal Fertilizers seem to have witnessed long unwinding in recent trading sessions owing to the sharp rally in share prices.
Ind-Ra opines the credit profile of fertiliser players will remain comfortable in FY25, driven by the GoI's continued policy-level support to the industry by way of the healthy subsidy budget.
Stock price has broken out on the daily chart where stock price closes at two year high
Chambal Fertilisers and Chemicals Ltd on Friday reported a 39 per cent increase in its consolidated net profit at Rs 380.96 crore for the second quarter of this fiscal year. Its net profit stood at Rs 274.19 crore in the year-ago period. Total income fell to Rs 5,467.28 crore in the July-September period of 202324 fiscal, from Rs 8,675.59 crore in the corresponding period of the previous year, according to a regulatory filing. Total expenses declined to Rs 4,894.72 crore in the second quarter of this fiscal from Rs 8,305.42 crore in the year-ago period. The company declared an interim dividend of Rs 4.50 (45 per cent) per equity share of Rs 10 each.
Chambal Fertilisers and Chemicals Ltd on Tuesday posted a marginal drop of 0.9 per cent in consolidated net profit to Rs 338.60 crore in the April-June quarter due to poor sales. The firm's net profit was Rs 341.71 crore in the same quarter of the previous fiscal, according to a regulatory filing. Total income on a consolidated basis declined 23.34 per cent to Rs 5,589.28 crore in the first quarter of the current fiscal from Rs 7,291.18 crore in the year-ago period. The company said there were higher volumes of urea during the first quarter but the revenue decreased mainly due to lower gas prices. Similarly, there was lower revenue from phosphatic and potassium fertilisers because of lower volumes and prices. Expenses remained lower at Rs 5,087.96 crore in the first quarter as against Rs 6,821.97 crore a year ago. The consolidated financial results include the financial details of four subsidiaries.
(Reuters) - India's Chambal Fertilisers and Chemicals Ltd reported a near 26% slump in quarterly profit on Tuesday after a weak demand due to erratic monsoon led to a pile-up of unsold stock.
The overall trend in the fertiliser space remains bullish, with stocks like Chambal Fertilizers & Chemicals, Aries Agro and National Fertilizers indicating strong upside ahead
Barring, Chambal Fertilizers & Chemicals, which has shed 19 per cent on YTD basis, most of the other fertilizers stock have logged gains so far in 2022. Deepak Fertilisers has zoomed 148 per cent.
Major stocks have broken out on upside, any trigger in Budget 2022 could see sharp up move