Shares of Zuari Agro Chemicals and Mangalore Chemicals and Fertilisers (MCF) have rallied over 5% each on the National Stock Exchange (NSE).
Zuari Agro Chemicals has zoomed 16% to Rs 105 in noon deals on NSE. The stock opened at Rs 93.65 and hit a high of Rs 109 so far. A combined 72,805 shares have changed hands so far against an average sub 25,000 shares that were traded daily in past two weeks on NSE and BSE.
Meanwhile, MCF is locked in maximum upper circuit of 5% at Rs 65.55 with no sellers on the counter. A combined 144,676 shares have changed hands on the counter and there are pending buy orders for 210,834 shares on BSE and NSE at 1339 hours.
The stock MCF has been almost doubled in past one month after Zuari Agro Chemicals and Deepak Fertilisers acquired stake in Vijay Mallya-promoted fertiliser company via open market transactions.
According to Business Standard reports, Saroj Poddar promoted Zuari Agro Chemicals, which has 16% stake in MCF, is open to holding discussion with Pune-based Deepak Fertilisers for buying out its 24.46% stake.
Deepak Fertilisers was up 1% at Rs 100 on NSE.
Zuari Agro Chemicals has zoomed 16% to Rs 105 in noon deals on NSE. The stock opened at Rs 93.65 and hit a high of Rs 109 so far. A combined 72,805 shares have changed hands so far against an average sub 25,000 shares that were traded daily in past two weeks on NSE and BSE.
Meanwhile, MCF is locked in maximum upper circuit of 5% at Rs 65.55 with no sellers on the counter. A combined 144,676 shares have changed hands on the counter and there are pending buy orders for 210,834 shares on BSE and NSE at 1339 hours.
The stock MCF has been almost doubled in past one month after Zuari Agro Chemicals and Deepak Fertilisers acquired stake in Vijay Mallya-promoted fertiliser company via open market transactions.
According to Business Standard reports, Saroj Poddar promoted Zuari Agro Chemicals, which has 16% stake in MCF, is open to holding discussion with Pune-based Deepak Fertilisers for buying out its 24.46% stake.
Deepak Fertilisers was up 1% at Rs 100 on NSE.
