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    500085   INE085A01013

CHAMBAL FERTILISERS AND CHEMICALS LIMITED

(500085)
  Report
End-of-day quote. End-of-day quote Bombay Stock Exchange - 01/27
453.9 INR   +0.41%
2021Indian shares rise on strong economic growth data; Maruti jumps
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2021Indian fertiliser stocks surge on subsidies doubling plan report
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2021India faces record fertiliser subsidy in 2021/22
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Indian fertiliser stocks surge on subsidies doubling plan report

11/30/2021 | 11:51pm EST
A farmer casts urea on her mustard field in the northern Indian city of Allahabad

BENGALURU (Reuters) - Indian fertiliser stocks jumped on Wednesday after a Reuters report the government plans to increase fertiliser subsidies to a record of more than 1.55 trillion rupees ($20.67 billion) in 2021-2022 to avoid shortages amid a sharp rise in global prices.

India, the top urea importer, has already raised fertiliser subsidies twice in this fiscal year ending March 31, and the new figure is almost double the amount initially budgeted.

Global fertiliser prices have almost trebled over the past year due to record increases in the prices of coal and natural gas, the two main energy sources used to produce the crop nutrients, and new export restrictions by China and Russia.

Shares in Rashtriya Chemicals and Fertilizers Ltd, Chambal Fertilsers & Chemicals Ltd, National Fertilizers Ltd and Madras Fertilizers Ltd jumped between 6% and 9% in early trading on Wednesday.

The government provides financial support to companies that sell fertilisers at below-market rates. The agriculture sector employs about 60% of India's workforce and accounts for 15% of the $2.7 trillion economy.

($1 = 74.9720 Indian rupees)

(Reporting by Rama Venkat in Bengaluru)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CHAMBAL FERTILISERS AND CHEMICALS LIMITED 0.41% 453.9 End-of-day quote.15.01%
MADRAS FERTILIZERS LIMITED 3.00% 36 Delayed Quote.21.78%
NATIONAL FERTILIZERS LIMITED 0.72% 56.25 End-of-day quote.7.04%
RASHTRIYA CHEMICALS AND FERTILIZERS LIMITED -0.45% 78.15 End-of-day quote.2.56%
All news about CHAMBAL FERTILISERS AND CHEMICALS LIMITED
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More news
Financials
Sales 2022 151 B 2 018 M 2 018 M
Net income 2022 16 286 M 217 M 217 M
Net Debt 2022 - - -
P/E ratio 2022 11,6x
Yield 2022 2,16%
Capitalization 189 B 2 511 M 2 518 M
Capi. / Sales 2022 1,25x
Capi. / Sales 2023 1,13x
Nbr of Employees 1 033
Free-Float -
Chart CHAMBAL FERTILISERS AND CHEMICALS LIMITED
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Chambal Fertilisers and Chemicals Limited Technical Analysis Chart | 500085 | INE085A01013 | MarketScreener
Technical analysis trends CHAMBAL FERTILISERS AND CHEMICALS LIMITED
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Income Statement Evolution
Consensus
Mean consensus -
Number of Analysts 0
Last Close Price 453,90 
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
Gaurav Mathur Managing Director & Director
Abhay Baijal Chief Financial Officer
Saroj Kumar Poddar Non-Independent Non-Executive Chairman
Shyam Sunder Bhartia Co-Chairman
Pullam Chetti Srinivasan General Manager-Technical