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Zuari Agro Chemicals posted an impressive quarterly numbers. Kapil Mehan, MD & Group CEO of the company spoke about the turnaround strategy and gameplan going forward.
Discussing the results, Deepak Anand, MD, Mangalore Chemicals & Fertilizers, said that rupee stability led to lower MTM losses during the quarter.
Ushang Sheth joins in for a check on the recent midcap hits & misses.
According to Shailesh Mehta, Deepak Fertilizers will maintain its margins or even perform better than 35 percent if the ammonia prices remain low. The company will explore all the options to increase its stake in MCF as it will be beneficial for both the companies.
If there is no supplementary Budget, this year's subsidy amounts that will be due from the government at the end of the year will be a frightening Rs 1,500 crore