India's National Fertilizers rises as April-Dec fertilizer sales surge

National Fertilizers

09/01/2023 04:14

** Shares of urea manufacturer National Fertilizers
 NAFT.NS  rise as much as 4.4% to 76.5 rupees
    ** Co said late on Friday its total fertilizer sale for
April-December 2022 came in at 4.971 million MT, up 27% from a
year-ago period
    ** Co's agrochemical business rose 146% during
April-December 2022 
    ** Stock has been above its 50-day, 100-day, and 200-day
simple moving avgs since Nov 22, 2022, indicating bullish
sentiment
    ** More than 2.1 mln shares change hands vs 30-day avg of
15.8 mln shares
    ** Stock gained 46.9% last year
 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))