India's National Fertilizers up on being awarded more financial autonomy by govt

National Fertilizers

22/04/2024 06:44

** Shares of National Fertilizers  NAFT.NS  rise as much as
5.2%, last up 4.4% to 101.40 rupees 
    ** The state-owned agro chemicals maker said it has been
granted "Navratna" status, implying enhanced financial autonomy
and ability to invest up to 10 bln rupees ($119.9 mln) without
seeking government approval
    ** NAFT trading above 200-day simple moving avg since Nov.
2023
    ** Stock up after losing for two straight sessions
    ** Including session's gains, shares gain ~11% so far this
year 


($1 = 83.4150 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))