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Fertilizer stocks in demand

This article was posted on Dec 12, 2008 and is filed under Stock News

Nagarjuna Fertilizer, Chambal Fertilizer and RCF were among the major gainers. Select fertilizer stocks are in demand following reports that the government would issue Rs100bn of 7% 2022 bonds to companies such as Coromandel Fertilisers and Nagarjuna Fertilisers as compensation for losses due to price control.

Shares of Nagarjuna Fertilizer surged by over 5% and shares of Coromandel Fertilizer surged over 5% to Rs92.

Among the other major gainers were, Chambal Fertilizer (up 5%), RCF (up 4.5%) and Deepak Fertilizer (up 4%).

source: Indiainfoline

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