India's National Fertilizers shares grow on profit, higher rev

National Fertilizers

16/09/2020 05:48

** Shares of state-owned National Fertilizers  NAFT.NS  jump
as much as 9.3% in early trading to its highest since July 30 at
39.9 rupees 
    ** NAFT marks sharpest intraday gain since Aug 4
    ** Chemical and fertilizer maker reports a June-qtr profit
of 1.08 bln rupees ($14.66 mln), its highest in nearly 5 years,
vs loss of 640.7 mln rupees yr ago
    ** Rev grows ~9%
    ** Around 2.7 mln NAFT shares change hands by 0423 GMT vs
30-day avg of 937,175 shares
    ** Stock up ~40% YTD vs a ~5% dip in the benchmark NSE Nifty
50  .NSEI     

($1 = 73.6650 Indian rupees)

 (Reporting by Vibhuti Sharma in Bengaluru)