India's National Fertilizers slumps on March-qtr loss

National Fertilizers

31/07/2020 09:01

** Shares of chemical and fertilizer maker  NAFT.NS  fall as
much as 15.9% to 35.3 rupees; biggest pct loser on National
Stock Exchange 
    ** Co posts https://www.bseindia.com/xml-data/corpfiling/AttachLive/ebea8974-440b-44c1-b694-4f40013435ff.pdf
 consolidated loss of 2.49 billion rupees ($33.31 million) for
March-quarter on a one-time charge
    ** Charge relating to reversal of subsidy amount of 3.89 bln
rupees gained between 2014 and 2019
    ** About 3.8 mln shares traded, vs 30-day avg of 4.7 mln
    ** Stock has risen 61% this year, as of last close


($1 = 74.7628 Indian rupees)

 (Reporting by Derek Francis in Bengaluru)
 ((derek.francis@thomsonreuters.com; +91-9986311363 and
@derekfrancis089 on Twitter))