Meanwhile, the S&P BSE Sensex was up 294.72 points, or 1.59%, to 18,846.84.

On BSE, 21,000 shares were traded in the counter as against an average daily volume of 39,329 shares in the past one quarter.

The stock hit a high of Rs 36.25 and a low of Rs 34.50 so far during the day. The stock had hit a 52-week high of Rs 96 on 16 July 2012. The stock had hit a 52-week low of Rs 34.30 on 26 June 2013.

The stock had underperformed the market over the past one month till 26 June 2013, sliding 23.16% compared with the Sensex's 5.85% fall. The scrip had also underperformed the market in past one quarter, falling 23.33% as against Sensex's 0.81% fall.

The small-cap company has an equity capital of Rs 490.58 crore. Face value per share is Rs 10.

According to the report, the Department of Disinvestment (DoD) has approached the Cabinet Committee on Economic Affairs (CCEA) for stake sale in National Fertilisers (NFL) through offer for sale (OFS) route.

The government, which held 97.64% stake in NFL as on 30 March 2013, reportedly plans to disinvest 7.64% stake, or over 3.74 crore shares in the domestic market.

National Fertilizer reported net loss of Rs 107.04 crore in Q4 March 2013 as against net profit of Rs 56.87 crore in Q4 March 2012. Net sales declined 44.94% to Rs 1148.62 crore in Q4 March 2013 over Q4 March 2012.

National Fertilizer is India's largest central public sector enterprise in fertilisers sector with a turnover of over Rs. 7300 crore and an overall annual installed capacity of 32.31 lakh tonnes of Urea.