National Fertilisers share ends 20% higher on record sale in June quarter

National Fertilizers Ltd share closed 20% higher today after the firm said it logged highest-ever fertilizer sale in first quarter of this fiscal. Share price of National Fertilizers ended 19.97% or 6.15 points higher at Rs 36.95 against previous close of Rs 30.80 on BSE. The small cap stock opened with a gain of 14.94% at Rs 35.40.

National Fertilizer share stands higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages.

The stock has gained 2.64% in one year and gained 42.66% since the beginning of this year. In a month, the share has gained 38.65% on BSE. Market cap of the firm rose to Rs 1,812 crore. Total 12.67 lakh shares changed hands amounting to turnover of Rs 4.51 crore on BSE.

In June-quarter, National Fertilizers logged highest-ever fertilizer sale of  12.85 Lakh MT. This is about 21.5% higher than the sales of 10.57 LMT made by company in the first quarter of 2019-20.

Other than significant growth in urea sale, P&K fertilizers also recorded a growth of 13% during the  quarter. In  June,  2020,  the  company sold  5.30 LMT of fertilizers, up by 15.5% than the 4.59 LMT sold in the same month previous year.

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Meanwhile, Sensex ended 465 points higher to 36,487 and Nifty gained 156 points to 10,763.

On an intra day basis, Sensex rose up to 640 points to 36,661 and Nifty climbed 204 points to 10,811 in afternoon trade.