National Fertilizers

The overall trend in the fertiliser space remains bullish, with stocks like Chambal Fertilizers & Chemicals, Aries Agro and National Fertilizers indicating strong upside ahead

The financial condition of state-run fertiliser companies is completely dependent on subsidies and prices, which are majorly dictated by the government in India

Under 'One Nation One Fertiliser' all fertiliser bags, irrespective of their contents or the company that manufactures them, will carry a uniform brand name called "Bharat"

Select stocks have soared more than 50 per cent in the last one month riding the commodity boom.

Deepak Fertilisers has broken out of the consolidation range of Rs 390 to Rs 340 levels, and can rally up to Rs 450-odd levels.

National Fertilizers Ltd on Friday posted a decline in its consolidated net profit

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

A total of 57 companies are slated to post their quarterly numbers today, including BEML, BHEL, Cochin Shipyard, DLF and Edelweiss Financial Services

Government has issued a request for proposals to engage legal advisors, merchant bankers and selling brokers to sell a 20 per cent stake in National Fertilizers via OFS

The government will sell 20 per cent of its stake in National Fertilizers through an offer for sale

Sale could fetch govt around Rs 408 crore

State-run National Fertilizers Ltd (NFL) on Monday said the sale of sulphur-based fertiliser rose more than two-folds to 26,456 tonne during April-October in this fiscal.

Fertiliser sales surged by almost 98 per cent year on year in May 2020, according to government data

NFL is also exploring the possibility of setting up a di-ammonium phosphate (DAP) plant in Algeria through a joint venture and under buyback arrangements

The floor price is at a discount of 7.67% over Tuesday's closing price of Rs 78.85 on the BSE