National Fertilizers Limited releases sales data for Q1FY18
DSIJ Intelligence / 06 Jul 2017
The company is engaged in producing and marketing urea, neem-coated urea, bio-fertilizers (solid and liquid) and other allied industrial products.
National Fertilizers Limited has released sales data for the first quarter of the current financial year 2017-18. The company has achieved record sale of fertilizers, close to one million tons in Q1FY18.
The company is engaged in producing and marketing urea, neem-coated urea, bio-fertilizers (solid and liquid) and other allied industrial products. Its business segments are urea and other products, including industrial products, bio fertilizers and traded products. It offers allied industrial products, such as ammonium nitrate,nitric acid, and sodium nitrite or nitrate.
The sales grew by 30% as against the corresponding period of previous year. The stock witnessed strong upsurge with huge volume trades. The stock has touched its intraday high of Rs 77.5 per share, up by 6.3%.
The fertilizer stocks are in focus thanks to normal monsoon coverage across the country. The rainfall so far has been satisfactory, reported a leading national news agency.
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