Hot Pursuit     30-Oct-12
National Fertilizer drops after dismal Q2 outcome
National Fertilizer lost 1.74% to Rs 76.25 at 12:01 IST on BSE after net profit fell 91.9% to Rs 0.74 crore on 10.8% growth in net sales to Rs 1946.57 crore in Q2 September 2012 over Q2 September 2011.

The company announced the results after market hours on Monday, 29 October 2012.

Meanwhile, the BSE Sensex was down 187.75 points or 1.01% to 18,448.07.

On BSE, 7,705 shares were traded in the counter as against average daily volume of 78,172 shares in the past one quarter.

The stock hit a high of Rs 78.10 and a low of Rs 76.25 so far during the day. The stock had hit a 52-week low of Rs 43 on 22 December 2011. The stock had hit a 52-week high of Rs 96.50 on 16 February 2012.

The stock had underperformed the market over the past one month till 29 October 2012, falling 5.13% compared with the Sensex's 0.68% fall. The scrip had also underperformed the market in past one quarter, rising 4.86% as against Sensex's 10.67% rise.

The mid-cap fertilizer maker has equity capital of Rs 490.58 crore. Face value per share is Rs 10.

National Fertilizer (NFL), incorporated in 1974, is India's largest state-run enterprise in fertilizers sector. NFL has five urea plants located at Nangal & Bathinda in Punjab, Panipat in Haryana and Vijaipur I & II plants in Madhya Pradesh. Apart from producing urea, NFL is also engaged in manufacturing & marketing of industrial products, trading of complex fertilizers and other agro products. The Government of India (GoI) holds 97.64% stake in NFL as per the shareholding pattern as on 30 September 2012.

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