Deepak Fert signs JV with Yara; stk up 16.4%

At 1:28 pm, Deepak Fertilizers and Petrochemicals Coprn was quoting at Rs 137, up Rs 19.30, or 16.40%. It has touched an intraday high of Rs 139.90 and an intraday low of Rs 108.50.

The government is likely to announce soaps for fertiliser company in Budget.

The company has signed JV with Yara International ASA to produce and market ammonium nitrate and speciality fertilisers in India.

It was trading with volumes of 362,960 shares, compared to its five-day average of 85,090 shares, an increase of 326.56%.
 
Yesterday the share closed down 1.67% or Rs 2 at Rs 117.70.