 "Chambal Fertilisers surges on stake buy by promoter")
Chambal Fertilisers & Chemicals has surged 11% to Rs 64.50 on BSE after the company said its promoter, The Hindustan Times increased stake in the company through open market purchase.
“On October 13, Hindustan Times bought 100,000 shares representing 0.02% stake in the company via open market,” Chambal Fertilisers & Chemicals said in a statement.
Post acquisition, Hindustan Times stake in Chambal Fertilisers increased to 12.557% from 12.533% earlier, it added.
At 02:31 pm, the stock was up 95 at Rs 63.30 on BSE. The trading volumes on the counter more than tripled with a combined 3.32 million shares changed hands on BSE and NSE.
Meanwhile, Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), Deepak Fertilisers & Petrochemicals Corporation, Rashtriya Chemicals and Fertilizers (RCF), Gujarat State Fertilizers & Chemicals (GSFC) and Zuari Agro Chemicals are other fertiliser stocks too trading higher between 5%-8%.
“On October 13, Hindustan Times bought 100,000 shares representing 0.02% stake in the company via open market,” Chambal Fertilisers & Chemicals said in a statement.
Post acquisition, Hindustan Times stake in Chambal Fertilisers increased to 12.557% from 12.533% earlier, it added.
At 02:31 pm, the stock was up 95 at Rs 63.30 on BSE. The trading volumes on the counter more than tripled with a combined 3.32 million shares changed hands on BSE and NSE.
Meanwhile, Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), Deepak Fertilisers & Petrochemicals Corporation, Rashtriya Chemicals and Fertilizers (RCF), Gujarat State Fertilizers & Chemicals (GSFC) and Zuari Agro Chemicals are other fertiliser stocks too trading higher between 5%-8%.
