FERTILISER
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IFFCO withdraws plea from NCLT in Triumph Offshore case
Fertiliser cooperative IFFCO withdrew plea from NCLT restraining Triumph Offshore from issuing shares. This comes after IFFCO sold stake to Swan Energy for Rs 440 crore. IFFCO had sought to prevent share issuance for loan repayment, fearing dilution. NCLT allowed the withdrawal of plea on June 27. Triumph Offshore primarily aims to establish an FSRU project with Swan Energy holding a 51 per cent stake.
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Top fertiliser maker says ‘Black Swan’ jolts are finally easing
Russia’s 2022 invasion of Ukraine disrupted global fertiliser shipments and pushed prices — and Nutrien earnings — to record heights. But as farmers and retailers balked at the sticker shock, demand tumbled.
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Stock market update: Fertilisers stocks up as market falls
The 30-share BSE Sensex closed down 210.45 points at 79032.73
![Stock market update: Fertilisers stocks up as market rises](https://img.etimg.com/thumb/msid-111332546,width-100,height-75,resizemode-4/markets/stocks/stock-watch/stock-market-update-fertilisers-stocks-up-as-market-rises.jpg)
Stock market update: Fertilisers stocks up as market rises
The 30-share BSE Sensex was up 271.54 points at 79514.72
![Stock market update: Fertilisers stocks down as market rises](https://img.etimg.com/thumb/msid-111315803,width-100,height-75,resizemode-4/markets/stocks/stock-watch/stock-market-update-fertilisers-stocks-down-as-market-rises.jpg)
Stock market update: Fertilisers stocks down as market rises
The 30-share BSE Sensex closed up 568.93 points at 79243.18
![Stock market update: Fertilisers stocks down as market rises](https://img.etimg.com/thumb/msid-111303894,width-100,height-75,resizemode-4/markets/stocks/stock-watch/stock-market-update-fertilisers-stocks-down-as-market-rises.jpg)
Stock market update: Fertilisers stocks down as market rises
The 30-share BSE Sensex was up 6.78 points at 78681.03
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Stock market update: Fertilisers stocks up as market rises
The 30-share BSE Sensex closed up 620.73 points at 78674.25
15 rural theme stock ideas with upside potential of over 18%
For the first time in five quarters, rural demand has outpaced urban demand. Rural volume growth was 7.6% in Q1CY24 vs 5.7% urban volume growth in the same quarter reflecting the evolving rural market dynamics. Domestic brokerage firm, Way2Wealth believes that the expectation of better monsoon and rural policy push by the government can lead to sustainable growth in the coming quarters, thus driving rural demand and economy. Recognizing the significance of the rural market, which still accounts for 65% of the country’s population, Way2Wealth listed 15 picks involved in the rural sector:
Stock market update: Fertilisers stocks down as market falls
The 30-share BSE Sensex was down 80.01 points at 77973.51
F&O Ban: PNB, Indus Towers among 4 stocks under trade ban on Wednesday
The F&O contracts of any stock enter the ban period when the OI on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%
Stock market update: Fertilisers stocks down as market rises
The 30-share BSE Sensex closed up 712.44 points at 78053.52
Stock market update: Fertilisers stocks down as market rises
The 30-share BSE Sensex was up 202.72 points at 77543.8
GIFT Nifty up 30 points; here's the trading setup for today's session
"Markets this week will take cues from global macro data points and the progress of the monsoon back home. We expect Nifty to consolidate at the current juncture with a bout of volatility amid monthly derivatives expiry," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
Stock market update: Fertilisers stocks down as market rises
The 30-share BSE Sensex closed up 131.18 points at 77341.08
Fertilizer stocks plummet up to 9% as GST Council refers exemption recommendation to GoM
Fertilizer stocks like Fertilizers & Chemicals Travancore, GNFC, GSFC, Madras Fertilizers fell up to 9% as the GST council referred a recommendation on exempting the sector from 5% GST to Group of Ministers for rate rationalisation.
GST council refers Par panel recos to cut GST on fertiliser to Group of Ministers
Talking to reporters after the 53rd GST council meeting, Keshav said the proposal to reduce the GST rate on fertilisers has been referred to the Group of Ministers (GoM). The issue of further reduction of tax on fertilisers was placed before the GST council in its 45th and 47th meetings held in September 2021 and June 2022, though the council did not recommend any change in rates.
Stock market update: Fertilisers stocks down as market falls
The 30-share BSE Sensex was down 67.71 points at 77142.19
Stock market update: Fertilisers stocks down as market falls
The 30-share BSE Sensex closed down 269.03 points at 77209.9
Stock market update: Fertilisers stocks down as market falls
The 30-share BSE Sensex was down 295.23 points at 77183.7
Credit profile of fertiliser companies to remain comfortable in FY25: Ind-Ra
Demand in the fertiliser sector remained robust in FY24, led by higher availability of funds with farmers due to various policy measures, and the stable farm gate prices. Moreover, the sector over the past two-three years has seen supplementary budgetary allocations as and when the prices of key input materials were increased to enable raw material availability and economic viability with producers and importers.
Fertiliser, agrochemical stocks rally as monsoon arrives early
Fertiliser and agrochemical companies like FACT, Nova Agritech, and Rallis India saw a boost in shares as the monsoons arrived early. Analysts expect increased demand for products due to favorable weather conditions, with specific bullish recommendations for Coromandel International and other companies.
Coromandel unveils nano fertiliser plant in Andhra Pradesh
Coromandel International Ltd has launched a nano fertiliser plant at its Kakinada facility, aiming to revolutionise Indian agriculture with energy-efficient technologies. The plant, with an annual capacity of one crore bottles, will produce nano fertilisers to enhance nutrient delivery and absorption by plants. Marketed under the 'Gromor Nano' brand, these products have been developed through the company's in-house R&D center and have undergone extensive farmer trials.
Indian fertilizer industry on track to reach Rs 1.38 lakh cr by 2032 amidst robust growth and strategic innovations
In 2023, the Indian fertilizer market size stood at Rs 94,210 crore, driven by increased agricultural demands and strategic governmental interventions.
Coromandel International to invest Rs 1,000 cr to set up plant in Andhra Pradesh
Coromandel International, which is mainly in the fertiliser business, will invest Rs 1,000 crore to set up a plant to produce phosphoric and sulphuric acid at Kakinada in Andhra Pradesh. In a regulatory filing, the company said it has "commenced the project activity to set up its Phosphoric Acid-Sulphuric Acid complex facility at Kakinada".
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