India's Madras Fertilizers up on resuming plant ops in cyclone-hit Chennai

Madras Fertilizers

22/12/2023 06:43

** Shares of Madras Fertilizers  MDFT.NS  are up 4% at 359
rupees 
    ** MDFT resumed operations of its plant in Chennai that was
affected by cyclone Michaung
    ** MDFT shares up more than 30% in Dec; set for biggest
monthly gain in 2023
    ** Fertliser makers have posted solid gains so far this
month aided by govt plans to raise subisidies; Chambal
Fertilisers CHB.NS  up ~12% and Rashtriya Chemicals and
Fertilizers  RSTC.NS  up ~18% in Dec.
    ** MDFT is up ~35% YTD, it had risen ~170% in 2022

 (Reporting by Nishit Navin in Bengaluru)
 ((nishit.navin@thomsonreuters.com;))