National Fertilizer rose 3.95% to Rs 25 after the company said its fertilizer sales jumped 25% to 27 lakh MT in April-September 2019 over April-September 2018.
The company said it registered 27 lakh MT sale of all fertilizers during Kharif 2019 (April-September) for the first time in its history. This is 25% higher than that of corresponding period of last year (21.62 Lakh MT). This has been achieved despite lower production of own urea at Vijaipur unit by 1.22 lakh MT during June-July, 2019 as compared to that of the corresponding period of last year due to technical problems. The announcement was made after trading hours yesterday, 3 October 2019.Shares of National Fertilizers (NFL) tanked 9.75% in the past six trading sessions to settle at Rs 24.05 yesterday, 3 October 2019, from its close of Rs 26.65 on 24 September 2019.
Meanwhile, the S&P BSE Sensex was up 245 points or 0.64% to 38,351.80.
On the BSE, 47,153 shares were traded in the counter so far compared with average daily volumes of 95,042 shares in the past two weeks. The stock hit an intraday high of Rs 25.45 and an intraday low of Rs 24.65 so far during the day.
The stock hit a 52-week high of Rs 40.90 on 30 May 2019. The stock hit a 52-week low of Rs 23.70 on 23 August 2019.
On a consolidated basis, National Fertilizers reported net loss of Rs 64.07 crore in Q1 June 2019 compared with net profit of Rs 41.10 crore in Q1 June 2018. Net sales jumped 17.8% to Rs 2,547.04 crore in Q1 June 2019 over Q1 June 2018.
NFL is engaged in producing and marketing urea, neem coated urea, bio-fertilizers (solid and liquid) and other allied industrial products.
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