India's National Fertilizers falls most in 1-1/2 mths on qtrly profit drop

National Fertilizers

15/11/2022 08:28

** Shares of urea maker National Fertilizers Ltd  NAFT.NS 
fall as much as 4.3% to 49.1 rupees, their biggest intraday pct
fall since Sept. 26
    ** NAFT on Monday reported a 9.5% drop in quarterly profit
to 147.9 million rupees ($1.82 million) as input costs more than
doubled
    ** September quarter total expenses logged at 67.32 billion
rupees, vs 36.27 billion rupees a year ago
    ** Shares hit their lowest level since Nov. 1
    ** More than 621,00 shares change hands by 0820 GMT vs
30-day avg of 641,272 shares
    ** Stock down 2.5% so far this year up to last close vs
Nifty 500 Index's  .NIFTY500  4.36% rise
($1 = 81.1930 Indian rupees)
 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))