India's National Fertilizers up on approval for nano urea plant

National Fertilizers

20/12/2023 04:57

** Shares of National Fertilizers  NAFT.NS  rise 1.4% after
co approves setting up of nano urea (liquid) production plant
    ** Stock trading at 84.3 rupees, just shy of a year-high of
89.70 rupees hit in mid-April
    ** Stock sees moderate trading activity, with volumes at
0.4x the 30-day avg
    ** Still, stock is on track for its busiest trading year
since listing in 2006
    ** NAFT trading above the 50-, 100- and 200-day moving
averages since Dec. 4
    ** Stock up 9.3% YTD, set for fourth consecutive year of
gains

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))