National Fertilizers shares have rallied 67 per cent in the past one week from Rs 38.1 to Rs 63.70 as of today

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National Fertilizers share price hit 20 per cent upper circuit on Bombay Stock Exchange on Monday on the back of the strong volume. The stock of the state-owned company has surged 67 per cent in the past one week from Rs 38.1 on February 23 to Rs 63.70 as of today. National Fertilizers shares have rallied 183 per cent in one year and 56 per cent over one month.  

National Fertilizers share price hit 20 per cent upper circuit on Bombay Stock Exchange on Monday on the back of the strong volume. The stock of the state-owned company has surged 67 per cent in the past one week from Rs 38.1 on February 23 to Rs 63.70 as of today. National Fertilizers shares have rallied 183 per cent in one year and 56 per cent over one month.  

On Monday, shares of National Fertilizers opened higher at Rs 58.15 against previous closing price of Rs 53.10 on the BSE. During the day’s trade, the stock was locked in the 20 per cent upper circuit at Rs 63.70, hitting its 52-week high. The stock was the biggest gainer in the BSE’s ‘A’ group. A leader in fertiliser sector, the stock saw its market capitalisation (m-cap) surge to Rs 3,124.98 crore. Meanwhile, the BSE benchmark Sensex ended 749 points or 1.53 per cent higher at 49,849.

On the volume front, there was a spurt in buying as 44.65 lakh shares changed hands over the counter as compared to the two-week average volume of 5.75 lakh shares. On February 26, the exchange had sought a clarification from National Fertilizers with reference to the movement in volume. Responding to exchange query, the company said, “there is no information and/or announcement (including pending announcement) which in our opinion may have a bearing on the price/volume behaviour of the company’s scrip as traded across exchanges and which is required to be informed to stock exchanges.”