Paradeep Phosphates Ltd

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

Shares of fertiliser companies have rallied up to 15 per cent so far in June following above normal monsoon forecast for India; here are four stocks that look strong on charts.

Paradeep Phosphates Ltd (PPL) on Wednesday clocked a 76.25 per cent jump in net profit at Rs 89.43 crore for the second quarter of the 2023-24 fiscal, on robust income. The company's net profit stood at Rs 50.74 crore in the same quarter previous fiscal year, according to a regulatory filing. The total income increased to Rs 3,683.02 crore during the July-September quarter of the current financial year, from Rs 2,863.69 crore in the year-ago period. The company's overall expenses remained higher at Rs 3,573.64 crore, as against Rs 2,801.81 crore in the said period. According to PPL, fertiliser production rose 25 per cent to 6,51,883 tonnes during the Q2 of this fiscal, from the year-ago period. Fertiliser sales jumped by 78 per cent to 8,07,399 tonnes in the said period. PPL Managing Director S Krishnan said despite less than adequate rainfall, the company achieved good Q2 primary and secondary sales numbers. "With normalization of raw material prices and a concomitant decrease i

Stocks to Watch today: Uber has decided to put its entire 7.8 per cent stake in Zomato on the block, according to sources.

Shares of logistics major Delhivery may come under pressure on Monday as a freeze on shares allotted to anchor investors ends

The sale would help Centre to inch towards its Rs 65,000 crore divestment target for financial year 2022-23

At 10:07 am; Paradeep Phosphates was trading at Rs 45.85, up 5 per cent from its opening level on the BSE. A combined around 56 million equity shares had changed hands on the BSE and NSE.

CLOSING BELL: Apollo Hospitals, Tech M, HDFC Life, Hero MotoCorp, IndusInd Bank, Bajaj Finance, Wipro, Infosys, L&T, HUL, and Bajaj Finserv zoomed over 2.5 per cent on the Nifty

Retail investor portion subscribed 91%, HNI 20%; institutional investor category received negligible bids

The initial public offer of Paradeep Phosphates was subscribed 29 per cent on the first day of subscription on Tuesday. The IPO received bids for 7,86,87,000 shares against 26,86,76,858 shares on offer, according to data available with NSE. The category for Retail Individual Investors (RIIs) was subscribed 57 per cent and the portion for non-institutional investors attracted 6 per cent subscription. The Initial Public Offer (IPO) has a fresh issue of equity shares aggregating to Rs 1,004 crore and an offer for sale of up to 11,85,07,493 equity shares. As part of the OFS, Zuari Maroc Phosphates Pvt Ltd (ZMPPL) will offload 60,18,493 equity shares and the government of India will sell up to 11,24,89,000 equity shares. The government will be offloading its entire 19.55 per cent stake in the company. Currently, ZMPPL holds 80.45 per cent stake and the government of India owns the rest 19.55 per cent stake in the company. The price range for the offer is at Rs 39-42 per share. On Fr

From Rajnath Singh launching frontline warships to Indian embassy in Kyviv reopening, here are the top five developments for May 17

Fertilizer company Paradeep Phosphates on Friday said it has raised a little over Rs 450 crore from anchor investors days before the roll-out of its initial public offering.

The company prepared a draft red herring prospectus and sought views, as well as a go-ahead, from DIPAM

The plant is located in Goa

The company has more than 900 regular employee and around 3,500 contractual employees working in its plant

The Paradeep plant of PPL, at present, has a capacity to produce 1.2 million tonnes of Di-ammonium phosphate (DAP) and NPK fertilisers