India's National Fertilizers rises over 2% on strong sales, output

National Fertilizers

05/04/2023 08:19

** Shares of National Fertilizers  NAFT.NS  rise as much as
2.29% to 76 rupees, the most in nearly two weeks since March 23
    ** The rise comes after the fertilizer maker reports its
best-ever sales and production in FY2023
    ** NAFT produced 39.35 lakh MT (metric tonnes) of urea with
an overall capacity utilization of 122% during FY2023, compared
with 35.23 lakh MT YoY
    ** Over 66.72 lakh MT of fertilizers were sold, the best
ever for NAFT; urea sales rose to 53.70 lakh MT
    ** NAFT also reports best-ever sales in agrochemicals and
industrial products segments
    ** Trading volume is 1.90 mln shares as of 12:36 p.m. IST,
0.4x the 30-day avg of 4.99 mln shares - Refinitiv data

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))