Meanwhile, the BSE Sensex was up 62.83 points, or 0.27%, to 23,771.98.

On BSE, so far 59,000 shares were traded in the counter, compared with an average volume of 85,965 shares in the past one quarter. The stock hit a high of Rs 29.95 and a low of Rs 28.70 so far during the day. The stock hit a 52-week high of Rs 41.15 on 20 February 2015. The stock hit a 52-week low of Rs 20.10 on 25 August 2015. The stock had outperformed the market over the past one month till 19 February 2016, rising 2.91% compared with 3.15% decline in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 6.81% as against Sensex's 8.25% fall.

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

National Fertilizers said that Government of India has decided to revive Sindri unit of Fertilizer Corporation of India (FCIL) by investing the proceeds of sale of part of its land to Jharia Rehabilitation Development Authority (JHReDA), Jharkhand by forming joint venture with other PSUs having relevant experience. National Fertilizers said its board of directors accorded in principle approval for equity participation of 11% in the revival of Sindri unit of FCIL.

Net profit of National Fertilizer rose 164.33% to Rs 124.34 crore on 6.13% decline in net sales to Rs 2329.20 crore in Q3 December 2015 over Q3 December 2014.

National Fertilizers is India's largest central public sector enterprise in fertilizers sector. It has five gas-based urea plants.