National Fertilizer Q2 FY17 PAT down 11%

India Infoline News Service | Mumbai | November 30, 2016 10:36 IST

National Fertilizer posted its net profit declined by 11% to Rs 46.5 crore in the quarter ended September 2016 as against Rs 52 crore during the previous quarter ended September 2015.

National Fertilizer posted its net profit declined by 11% to Rs 46.5 crore in the quarter ended September 2016 as against Rs 52 crore during the previous quarter ended September 2015.

The sales of the company fell by 16% to Rs 1,901 crore in the quarter ended September 2016 as against Rs 2,260 crore during the previous quarter ended September 2015.

Stock Commentary:

National Fertilizer Ltd is currently trading at Rs 33, up by Rs 0.55 or 1.69% from its previous closing of Rs 32.45 on the BSE.

The scrip opened at Rs 32.55 and has touched a high and low of Rs 33.8 and Rs 32.55 respectively. So far 332729(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1591.93 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 38.25 on 01-Jul-2016 and a 52 week low of Rs 24.8 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 33.25 and Rs 29.75 respectively.

The promoters holding in the company stood at 89.71 % while Institutions and Non-Institutions held 6.3 % and 3.99 % respectively.

The stock is currently trading below its 100 DMA.


***Note: This is a NSE Chart

 

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