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
The rise in RCF share price came on the back of healthy results in the September quarter of financial year 2025 (Q2FY25)
The RCF share price surged after the company announced that it has awarded an order of a little over Rs 1,000 crore to L&T Energy Hydrocarbon division of L&T.
ONGC, Oil India, GNFC, Tata Chemicals and Sun Pharma are among the 9 stocks that could rally up to 20%, suggests technical charts. Check key support and resistance levels for these stocks here.
In the pre-Budget consultations with the finance minister, the agri sector had sought rationalisation of fertiliser subsidies and hike in investment for agricultural research.
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.
The Rail Coach Factory (RCF) in Kapurthala in Punjab is aiming to roll out the first prototype of Vande Metro coach for intercity travel ?by April this year, its general manager S Srinivas has said. A total of 16 such coaches are expected to be ready by the later part of 2024-25 financial year, he said. Vande Metro, which is designed on the concept of India's first indigenous semi-high-speed train Vande Bharat, will cater to intercity passengers covering up to a distance of 250 km. A Vande Metro train will have 16 air-conditioned coaches and can run at a maximum speed of 130 km per hour. "This train is meant for intercity traffic," Srinivas told PTI, adding, "We are aiming that the first prototype is ready by April." Following trials, the RCF will start its production. Vande Metro trains will enhance passenger experience and accessibility, he said, adding each coach will have the capacity to carry 280 passengers -- 100 seating capacity and 180 standing capacity. The 3x3 bench-ty
NEW DELHI (Reuters) - State-run firms, Coal India, GAIL India, and Rashtriya Chemicals & Fertilizers (RCF), will invest 30.95 billion rupees ($371.90 million) in their fertiliser joint venture in Odisha, two government officials told Reuters.
The government claims the use of nano urea and DAP can be game-changers, but many private fertiliser manufacturers remain in wait-and-watch mode
Among individual stocks, the technical & derivative analyst from HDFC Securities recommends Buy on RCF and Triveni Engineering.
Shares of Coromandel International, Deepak Fertilisers, GSFC, Madras Fertilisers, National Fertilisers, RCF, and Zuari Agro Chemicals have soared up to 196 per cent so far this calendar year (CY22)
The proceeds of the sale of these two companies in future will flow directly to the lenders of the Reliance Capital which is currently undergoing a bankruptcy process
The commissioning of new plants is expected to bring down import dependency to less than half the current levels
The commissioning of new plants is expected to bring down import dependency to less than half of current levels
This is owing to rising domestic production, nano supplies
The technical analyst from HDFC Securities expects the Nifty to rally towards 17,794 on a breakout above 17,500-level.
Select stocks have soared more than 50 per cent in the last one month riding the commodity boom.
Court asks all parties to file written submissions by December 12 and will hear the matter on December 16
The government is likely to sell shares in two fertiliser companies -- RCF and NFL -- by December-end to garner over Rs 1,200 crore, an official said. The offer for sale (OFS) would be for 10 per cent of government stake in Rashtriya Chemicals & Fertilizers Ltd (RCF) and 20 per cent in National Fertilizers Ltd (NFL). "The transactions could fetch around Rs 1,200 crore to Rs 1,500 crore", the official told PTI. The merchant bankers for the transaction have already been appointed. The official further said that considering the steps taken by the government for the fertiliser sector, the valuation of the shares could improve in the coming months. Shares of RCF closed at Rs 72.25, while that of NFL at Rs 53.95 on the BSE on Friday. The government currently holds 74.71 per cent stake in NFL and 75 per cent in RCF. The government has set an ambitious target of raising Rs 1.75 lakh crore from divestment in 2021-22, higher than Rs 38,000 crore it raised last fiscal. Most disinvestment
With the forecast of normal monsoons and the rollout of Covid vaccination programme in the coming months, CARE Ratings expects economic activities to normalize during FY22