Technically, the Nifty has been trading with a bullish bias and resistance level can be seen at 8670 level.
There have been bullish signs in the market for the past couple of days. Fertiliser stocks are not an exception to good market performance. Following fertiliser stocks have given good returns for the past one week:
Union Budget may come up with initiatives for the agricultural sector in India, which would be a growth driver for the fertiliser sector, and it would be interesting to see the performance of these stocks in the next week, ahead of the Union Budget 2017.
National Fertilizer Ltd ended at Rs 47.25, up by Rs 0.8 or 1.72% from its previous closing of Rs 46.45 on the BSE.
The scrip opened at Rs 47 and touched a high and low of Rs 48.15 and Rs 46.7 respectively. A total of 1692836(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 2317.99 crore.
The BSE group 'B' stock of face value Rs 10 touched a 52 week high of Rs 47.8 on 17-Jan-2017 and a 52 week low of Rs 24.8 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 47.25 and Rs 43.4 respectively.
The promoters holding in the company stood at 89.71 % while Institutions and Non-Institutions held 6.24 % and 4.04 % respectively.
The stock traded above its 50 DMA.
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