On Thursday, the Nifty 500 rose 0.36% to 22,305.10.
Fertilizer stocks rose in the session after the central government hiked MSP for kharif crops.
FACT, RCF The touched upper circuit at ₹ 1090.35 and ₹ 222.26 respectively, gaining 20% in the session. Mark MobiusSupported Mapmyindia It also jumped 20% and hit the upper circuit of ₹2409.65 after brokerage firm Goldman Sachs initiated coverage on the stocks with a gain of 40%.
Deepak Fertilizers Its share price increased by a significant 12.80%, rising from ₹645.5 to close at ₹728.15. Chambal Fertilizers After this it reached Rs 557.85 with a huge increase of 19.29%.
See also: Indian rupee hits all-time low on local oil demand
Top Beneficiaries
| store | Current Price | Final closure | % Change |
|---|---|---|---|
| fact | ₹1090.35 | ₹908.65 | 20.0% |
| RCF | ₹222.26 | ₹185.22 | 20.0% |
| Mapmyindia | ₹2409.65 | ₹2008.05 | 20.0% |
| Chambal Fertilizers | ₹557.85 | ₹467.65 | 19.29% |
| Deepak Fertilizers | ₹728.15 | ₹645.5 | 12.8% |
Not all stocks fared well, however. PNB Housing Finance There was the biggest decline and its shares fell by 5.74% to Rs 791.80.
Top Losers
| store | Current Price | Final closure | % Change |
|---|---|---|---|
| PNB Housing Finance | ₹791.8 | ₹840.0 | -5.74% |
| sanofi india | ₹6921.6 | ₹7190.75 | -3.74% |
| Alok Industries | ₹28.44 | ₹29.52 | -3.66% |
| PFC | ₹481.35 | ₹499.25 | -3.59% |
| ABB Power Products India | ₹10973.25 | ₹11375.75 | -3.54% |
Other stocks such as sanofi india, Alok Industries, PFCAnd ABB Power Products India The stocks also witnessed a decline. The stocks fell by 3.74%, 3.66%, 3.59% and 3.54% respectively.
Read more: Fertilizer stocks rise by up to 20% as government hikes MSP for Kharif crops
By engineer
Benzinga Neuroedited by
Ananthu C.U.
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